VIKRAM SOLAR Correlations
| VIKRAMSOLR | 265.80 3.80 1.41% |
The current 90-days correlation between VIKRAM SOLAR LIMITED and LLOYDS METALS AND is 0.29 (i.e., Modest diversification). The correlation of VIKRAM SOLAR 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. If the correlation is 0, the equities are not correlated; they are entirely random.
VIKRAM SOLAR Correlation With Market
Good diversification
The correlation between VIKRAM SOLAR LIMITED and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VIKRAM SOLAR LIMITED and DJI in the same portfolio, assuming nothing else is changed.
VIKRAM |
The ability to find closely correlated positions to VIKRAM SOLAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VIKRAM SOLAR 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 VIKRAM SOLAR - 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 VIKRAM SOLAR LIMITED to buy it.
Moving together with VIKRAM Stock
| 0.61 | SWSOLAR | Sterling and Wilson | PairCorr |
| 0.75 | SURANASOL | Surana Solar Limited | PairCorr |
| 0.66 | GENSOL | GENSOL ENGINEERING ORD | PairCorr |
| 0.69 | QUESS | Quess Corp Limited | PairCorr |
Moving against VIKRAM Stock
| 0.71 | SBIN | State Bank | PairCorr |
| 0.67 | RELIANCE | Reliance Industries | PairCorr |
| 0.54 | INFY | Infosys Limited | PairCorr |
| 0.31 | AAATECH | AAA Technologies | PairCorr |
| 0.76 | UNIVAFOODS | Univa Foods Limited | PairCorr |
| 0.7 | ONEPOINT | One Point One | PairCorr |
| 0.62 | V2RETAIL | V2 Retail Limited | PairCorr |
| 0.61 | LTIM | LTIMindtree Limited | PairCorr |
| 0.55 | SAKAR | Sakar Healthcare | PairCorr |
| 0.53 | GRWRHITECH | Garware Hi Tech | PairCorr |
| 0.51 | REDINGTON | Redington Limited | PairCorr |
| 0.46 | REPCOHOME | Repco Home Finance | PairCorr |
| 0.46 | UNIPARTS | Uniparts India | PairCorr |
| 0.41 | BEL | Bharat Electronics | PairCorr |
| 0.39 | CARYSIL | CARYSIL LIMITED | PairCorr |
| 0.74 | CUPID | Cupid Limited | PairCorr |
| 0.65 | SILLYMONKS | Silly Monks Entertainment | PairCorr |
| 0.53 | ADANIPORTS | Adani Ports | PairCorr |
| 0.5 | ARMANFIN | Arman Financial Services | PairCorr |
| 0.49 | SALONA | Salona Cotspin | PairCorr |
| 0.43 | TREJHARA | TREJHARA SOLUTIONS | PairCorr |
| 0.39 | TICL | Twamev Construction and | PairCorr |
| 0.35 | ZOTA | Zota Health Care | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between VIKRAM Stock performing well and VIKRAM SOLAR 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 VIKRAM SOLAR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LLOYDSME | 1.19 | (0.09) | 0.00 | (1.70) | 0.00 | 3.04 | 9.64 | |||
| MANAKCOAT | 2.52 | (0.02) | (0.02) | 0.03 | 2.80 | 5.62 | 19.05 | |||
| MANORG | 1.88 | (0.29) | 0.00 | (0.26) | 0.00 | 4.12 | 14.89 | |||
| SBCL | 1.48 | (0.27) | 0.00 | (2.25) | 0.00 | 2.78 | 10.75 | |||
| DODLA | 1.17 | (0.18) | 0.00 | (0.48) | 0.00 | 2.33 | 6.69 | |||
| SHYAMMETL | 1.17 | (0.22) | 0.00 | (1.49) | 0.00 | 2.53 | 10.38 | |||
| VINATIORGA | 0.90 | (0.11) | 0.00 | 1.66 | 0.00 | 1.63 | 6.76 | |||
| SMLT | 1.36 | (0.13) | 0.00 | (0.15) | 0.00 | 2.14 | 16.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in VIKRAM SOLAR 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?
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Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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VIKRAM SOLAR Corporate Management
Elected by the shareholders, the VIKRAM SOLAR's board of directors comprises two types of representatives: VIKRAM SOLAR inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VIKRAM. The board's role is to monitor VIKRAM SOLAR's management team and ensure that shareholders' interests are well served. VIKRAM SOLAR'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, VIKRAM SOLAR's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sumit Kumar | Vice Technology | Profile | |
| Kunal Motwani | Chief Officer | Profile | |
| Sudipta Bhowal | Company Officer | Profile | |
| Arindam Chakraborty | Senior Resources | Profile | |
| Ranjan Jindal | Chief Officer | Profile | |
| Santosh Goyal | Chief Officer | Profile |