Icici Bank Correlations

Stocks . USA . 
Stock . Icici Bank Limited
IBN Stock  USD 20.88  0.00  0.00%   
The correlation of Icici Bank is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Icici Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Icici Bank Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Please see Risk vs Return Analysis.
  
The ability to find closely correlated positions to Icici Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icici Bank 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 Icici Bank - 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 Icici Bank Limited to buy it.

Moving together with Icici Bank

+0.76AMNBAmerican National Normal TradingPairCorr
+0.74AROWArrow Financial Fiscal Quarter End 31st of March 2023 PairCorr

Moving against Icici Bank

-0.61BCHBanco De Chile Fiscal Quarter End 31st of March 2023 PairCorr
-0.58AUBNAuburn National Banc Fiscal Quarter End 31st of March 2023 PairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
ASB
+ 0.93
ABCB
ATLO
+ 0.93
AMTB
AROW
+ 0.92
AMNB
ASB
+ 0.92
AMTB
AMAL
+ 0.91
ABCB
AMTB
+ 0.91
ABCB
  
High negative correlations   
AMNB
- 0.0
AFBI

Risk-Adjusted Indicators

Nowadays, there is a big difference between Icici Stock performing well and Icici Bank company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Icici Bank's multiple risk-adjusted performance indicators. 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		Information
Ratio		Expected
Shortfall		Potential
Upside		Value
At Risk		Maximum
Drawdown
ABCB 1.72 (0.20)  0.00 (0.17)  0.00 (0.09)  0.00  3.17 (4.17)  16.32 
ACNB 1.62 (0.13)  0.00 (0.18)  0.00 (0.06)  0.00  4.50 (3.24)  12.29 
AFBI 1.37  0.07  0.02  0.04  2.99  0.0327 (1.33)  3.04 (2.75)  19.27 
AMAL 1.72 (0.25)  0.00 (0.31)  0.00 (0.1)  0.00  2.95 (4.40)  15.37 
AMNB 1.33 (0.10)  0.00 (0.19)  0.00 (0.0492)  0.00  2.23 (2.54)  10.40 
AMTB 1.78 (0.07)  0.00 (0.11)  0.00 (0.0362)  0.00  3.79 (3.94)  18.11 
AROW 1.03 (0.32)  0.00 (0.43)  0.00 (0.21)  0.00  1.87 (3.38)  7.52 
ASB 1.61 (0.11)  0.00 (0.12)  0.00 (0.06)  0.00  2.59 (4.27)  13.38 
ASRV 0.98 (0.16)  0.00 (0.36)  0.00 (0.09)  0.00  1.76 (2.95)  11.41 
ATLO 0.64 (0.07)  0.00 (0.18)  0.00 (0.0373)  0.00  1.13 (1.54)  8.88 

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Our tools can tell you how much better you can do entering a position in Icici Bank 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.

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Icici Bank Corporate Directors

Icici Bank corporate directors refer to members of an Icici Bank board of directors. The board of directors generally takes responsibility for the Icici Bank's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Icici Bank's board members must vote for the resolution. The Icici Bank board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dileep ChoksiNon-Executive DirectorProfile
Alok TandonGovernment Nominee DirectorProfile
Subramanian MadhavanNon-Executive Independent DirectorProfile
Venkatesan SridarNon-Executive Independent DirectorProfile

Already Invested in Icici Bank Limited?

The danger of trading Icici Bank Limited is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Icici Bank is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Icici Bank. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Icici Bank Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the Icici Bank Limited information on this page should be used as a complementary analysis to other Icici Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Icici Stock analysis

When running Icici Bank Limited price analysis, check to measure Icici Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Icici Bank is operating at the current time. Most of Icici Bank's value examination focuses on studying past and present price action to predict the probability of Icici Bank's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Icici Bank's price. Additionally, you may evaluate how the addition of Icici Bank to your portfolios can decrease your overall portfolio volatility.
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Is Icici Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icici Bank. If investors know Icici will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icici Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.341
Earnings Share
1.09
Revenue Per Share
326.562
Quarterly Revenue Growth
0.186
Return On Assets
0.0187
The market value of Icici Bank Limited is measured differently than its book value, which is the value of Icici that is recorded on the company's balance sheet. Investors also form their own opinion of Icici Bank's value that differs from its market value or its book value, called intrinsic value, which is Icici Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icici Bank's market value can be influenced by many factors that don't directly affect Icici Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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Please note, there is a significant difference between Icici Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine Icici Bank value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icici Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
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