Asian Energy Correlations
| ASIANENE | 337.25 1.65 0.49% |
The current 90-days correlation between Asian Energy Services and The State Trading is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asian Energy Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Asian Energy Correlation With Market
Good diversification
The correlation between Asian Energy Services and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asian Energy Services and DJI in the same portfolio, assuming nothing else is changed.
Asian |
The ability to find closely correlated positions to Asian Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asian Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asian Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asian Energy Services to buy it.
Moving together with Asian Stock
Moving against Asian Stock
Related Correlations Analysis
| -0.74 | -0.06 | 0.71 | 0.55 | 0.61 | -0.48 | STCINDIA | ||
| -0.74 | 0.49 | -0.77 | -0.62 | -0.35 | 0.22 | PAYTM | ||
| -0.06 | 0.49 | -0.24 | -0.15 | 0.41 | 0.1 | HEMIPROP | ||
| 0.71 | -0.77 | -0.24 | 0.79 | 0.43 | -0.2 | GRWRHITECH | ||
| 0.55 | -0.62 | -0.15 | 0.79 | 0.16 | -0.26 | IVC | ||
| 0.61 | -0.35 | 0.41 | 0.43 | 0.16 | 0.09 | HITECHGEAR | ||
| -0.48 | 0.22 | 0.1 | -0.2 | -0.26 | 0.09 | GALLANTT | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Asian Stock performing well and Asian Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Asian Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STCINDIA | 1.62 | 0.00 | 0.00 | 0.08 | 0.00 | 3.40 | 19.27 | |||
| PAYTM | 1.54 | 0.38 | 0.16 | (1.51) | 1.47 | 3.28 | 9.85 | |||
| HEMIPROP | 1.71 | 0.45 | 0.27 | 1.47 | 1.08 | 5.73 | 22.12 | |||
| GRWRHITECH | 2.26 | (0.39) | 0.00 | (2.24) | 0.00 | 4.10 | 13.81 | |||
| IVC | 1.03 | (0.13) | 0.00 | 4.52 | 0.00 | 2.56 | 6.69 | |||
| HITECHGEAR | 1.50 | 0.00 | (0.02) | 0.00 | 1.65 | 2.89 | 8.55 | |||
| GALLANTT | 2.22 | 0.37 | 0.10 | (0.59) | 2.40 | 6.12 | 20.91 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Asian Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Bollinger Bands Now
Bollinger BandsUse Bollinger Bands indicator to analyze target price for a given investing horizon |
| All Next | Launch Module |
Asian Energy Corporate Management
Elected by the shareholders, the Asian Energy's board of directors comprises two types of representatives: Asian Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asian. The board's role is to monitor Asian Energy's management team and ensure that shareholders' interests are well served. Asian Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Asian Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gaurav Srivastava | Chief Officer | Profile | |
| Nirav Talati | Chief Officer | Profile | |
| Shweta Jain | Company Officer | Profile | |
| Anil Davadkar | Ma Services | Profile |