Indiamart Intermesh Correlations

INDIAMART

2,358 14.00 0.59%

The correlation of Indiamart Intermesh is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

The ability to find closely correlated positions to Indiamart Intermesh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indiamart Intermesh 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 Indiamart Intermesh - 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 Indiamart Intermesh Limited to buy it.

Moving against Indiamart Stock

0.82	BANKBARODA	Bank of Baroda Earnings Call This Week	Pair Corr
0.8	SBIN	State Bank	Pair Corr
0.39	LICI	Life Insurance	Pair Corr

Related Correlations Analysis

	KOHINOOR	VRAJ	LXCHEM	JUBLFOOD	VSTL	JINDALSTEL	NAVNETEDUL	TRAVELFOOD
KOHINOOR		0.67	-0.11	0.59	0.69	-0.53	-0.56	-0.65	KOHINOOR
VRAJ	0.67		-0.32	0.54	0.7	-0.41	-0.42	-0.67	VRAJ
LXCHEM	-0.11	-0.32		0.05	0.1	0.58	0.56	0.49	LXCHEM
JUBLFOOD	0.59	0.54	0.05		0.61	-0.23	-0.25	-0.56	JUBLFOOD
VSTL	0.69	0.7	0.1	0.61		-0.21	-0.12	-0.4	VSTL
JINDALSTEL	-0.53	-0.41	0.58	-0.23	-0.21		0.64	0.69	JINDALSTEL
NAVNETEDUL	-0.56	-0.42	0.56	-0.25	-0.12	0.64		0.75	NAVNETEDUL
TRAVELFOOD	-0.65	-0.67	0.49	-0.56	-0.4	0.69	0.75		TRAVELFOOD
	KOHINOOR	VRAJ	LXCHEM	JUBLFOOD	VSTL	JINDALSTEL	NAVNETEDUL	TRAVELFOOD

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

TRAVELFOOD	+ 0.75	NAVNETEDUL
VSTL	+ 0.7	VRAJ
VSTL	+ 0.69	KOHINOOR
TRAVELFOOD	+ 0.69	JINDALSTEL
VRAJ	+ 0.67	KOHINOOR
NAVNETEDUL	+ 0.64	JINDALSTEL

High negative correlations

TRAVELFOOD	- 0.67	VRAJ
TRAVELFOOD	- 0.65	KOHINOOR
TRAVELFOOD	- 0.56	JUBLFOOD
NAVNETEDUL	- 0.56	KOHINOOR
JINDALSTEL	- 0.53	KOHINOOR
NAVNETEDUL	- 0.42	VRAJ

Risk-Adjusted Indicators

There is a big difference between Indiamart Stock performing well and Indiamart Intermesh 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 Indiamart Intermesh'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
KOHINOOR	0.81	(0.14)	0.00	0.74	0.00	0.00	1.20	(2.08)	8.05
VRAJ	1.17	(0.24)	0.00	0.82	0.00	0.00	2.96	(2.28)	9.76
LXCHEM	1.99	0.09	0.02	(10.86)	1.97	(2.69)	4.31	(3.77)	24.80
JUBLFOOD	0.98	(0.23)	0.00	(0.64)	0.00	0.00	1.81	(2.25)	7.16
VSTL	1.29	(0.33)	0.00	(0.55)	0.00	0.00	2.20	(3.37)	8.93
JINDALSTEL	1.26	0.08	0.02	3.99	1.34	(1.41)	2.93	(2.11)	7.87
NAVNETEDUL	1.48	0.14	0.04	(0.69)	1.64	(1.73)	2.89	(2.62)	14.02
TRAVELFOOD	1.67	0.29	0.14	(4.70)	1.35	(2.13)	4.20	(2.67)	12.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in Indiamart Intermesh 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 Investing Opportunities Now

Investing Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences

All Next

Launch Module

Indiamart Intermesh Corporate Management

Elected by the shareholders, the Indiamart Intermesh's board of directors comprises two types of representatives: Indiamart Intermesh inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Indiamart. The board's role is to monitor Indiamart Intermesh's management team and ensure that shareholders' interests are well served. Indiamart Intermesh'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, Indiamart Intermesh's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mudit Khosla	VP Group	Profile
Manoj Bhargava	Company Secretarial	Profile
Prateek Chandra	Chief Officer	Profile
Amarinder Dhaliwal	Chief Officer	Profile
Vivek Agrawal	Chief Officer	Profile
Jitin Diwan	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC