| Your Current Location : Correlation : BSE Sectoral Correlation |
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BSE Sectoral Correlation Matrix |
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| The following table shows return correlations between various BSE Sectoral Indices over the past 3 Months. |
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S1 |
S2 |
S3 |
S4 |
S5 |
S6 |
S7 |
S8 |
S9 |
S10 |
S11 |
S12 |
S13 |
S14 |
S15 |
S16 |
S17 |
S18 |
S19 |
S20 |
S21 |
S22 |
S23 |
S24 |
S25 |
S26 |
|
Return |
SD |
| S&P BSE AUTO |
S1 |
1.00 |
0.55 |
0.00 |
0.00 |
0.00 |
0.00 |
0.64 |
0.00 |
0.00 |
0.59 |
0.71 |
0.00 |
0.79 |
0.61 |
0.76 |
0.61 |
0.64 |
0.69 |
0.59 |
0.00 |
0.76 |
0.75 |
0.69 |
0.49 |
0.05 |
0.62 |
|
1.23 |
2.57 |
| S&P BSE BANKEX |
S2 |
0.55 |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.52 |
0.00 |
0.00 |
0.43 |
0.54 |
0.00 |
0.79 |
0.50 |
0.60 |
0.48 |
0.48 |
0.61 |
0.44 |
0.00 |
0.81 |
0.62 |
0.51 |
0.43 |
0.06 |
0.48 |
|
-3.21 |
1.99 |
| S&P BSE Basic Materials |
S3 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE CAPITAL GOODS |
S4 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE CONSUMER DURABLES |
S5 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE CPSE |
S6 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE Energy |
S7 |
0.64 |
0.52 |
0.00 |
0.00 |
0.00 |
0.00 |
1.00 |
0.00 |
0.00 |
0.57 |
0.77 |
0.00 |
0.78 |
0.76 |
0.81 |
0.97 |
0.76 |
0.89 |
0.58 |
0.00 |
0.74 |
0.80 |
0.75 |
0.43 |
0.07 |
0.75 |
|
-1.79 |
2.68 |
| S&P BSE Fast Moving Consumer Goods |
S8 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE Finance |
S9 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE HEALTHCARE |
S10 |
0.59 |
0.43 |
0.00 |
0.00 |
0.00 |
0.00 |
0.57 |
0.00 |
0.00 |
1.00 |
0.65 |
0.00 |
0.68 |
0.55 |
0.75 |
0.53 |
0.60 |
0.60 |
0.51 |
0.00 |
0.64 |
0.71 |
0.71 |
0.46 |
0.06 |
0.59 |
|
13.90 |
1.74 |
| S&P BSE Industrials |
S11 |
0.71 |
0.54 |
0.00 |
0.00 |
0.00 |
0.00 |
0.77 |
0.00 |
0.00 |
0.65 |
1.00 |
0.00 |
0.79 |
0.70 |
0.89 |
0.74 |
0.83 |
0.87 |
0.67 |
0.00 |
0.74 |
0.87 |
0.92 |
0.46 |
0.07 |
0.76 |
|
-6.69 |
2.75 |
| S&P BSE Information Technology |
S12 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE LARGECAP |
S13 |
0.79 |
0.79 |
0.00 |
0.00 |
0.00 |
0.00 |
0.78 |
0.00 |
0.00 |
0.68 |
0.79 |
0.00 |
1.00 |
0.72 |
0.84 |
0.72 |
0.75 |
0.81 |
0.62 |
0.00 |
0.98 |
0.86 |
0.76 |
0.70 |
0.09 |
0.74 |
|
2.32 |
1.69 |
| S&P BSE Metal |
S14 |
0.61 |
0.50 |
0.00 |
0.00 |
0.00 |
0.00 |
0.76 |
0.00 |
0.00 |
0.55 |
0.70 |
0.00 |
0.72 |
1.00 |
0.76 |
0.72 |
0.70 |
0.78 |
0.51 |
0.00 |
0.68 |
0.74 |
0.70 |
0.45 |
0.14 |
0.69 |
|
1.59 |
3.22 |
| S&P BSE MIDCAP |
S15 |
0.76 |
0.60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.81 |
0.00 |
0.00 |
0.75 |
0.89 |
0.00 |
0.84 |
0.76 |
1.00 |
0.78 |
0.83 |
0.89 |
0.73 |
0.00 |
0.78 |
0.94 |
0.91 |
0.52 |
0.06 |
0.80 |
|
0.98 |
2.30 |
| S&P BSE Oil & Gas |
S16 |
0.61 |
0.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.97 |
0.00 |
0.00 |
0.53 |
0.74 |
0.00 |
0.72 |
0.72 |
0.78 |
1.00 |
0.74 |
0.87 |
0.55 |
0.00 |
0.67 |
0.76 |
0.71 |
0.38 |
0.07 |
0.73 |
|
1.18 |
3.04 |
| S&P BSE POWER |
S17 |
0.64 |
0.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.76 |
0.00 |
0.00 |
0.60 |
0.83 |
0.00 |
0.75 |
0.70 |
0.83 |
0.74 |
1.00 |
0.87 |
0.61 |
0.00 |
0.68 |
0.81 |
0.80 |
0.41 |
0.05 |
0.96 |
|
3.21 |
3.09 |
| S&P BSE PSU |
S18 |
0.69 |
0.61 |
0.00 |
0.00 |
0.00 |
0.00 |
0.89 |
0.00 |
0.00 |
0.60 |
0.87 |
0.00 |
0.81 |
0.78 |
0.89 |
0.87 |
0.87 |
1.00 |
0.64 |
0.00 |
0.75 |
0.88 |
0.83 |
0.44 |
0.08 |
0.85 |
|
-5.69 |
3.07 |
| S&P BSE REALTY |
S19 |
0.59 |
0.44 |
0.00 |
0.00 |
0.00 |
0.00 |
0.58 |
0.00 |
0.00 |
0.51 |
0.67 |
0.00 |
0.62 |
0.51 |
0.73 |
0.55 |
0.61 |
0.64 |
1.00 |
0.00 |
0.57 |
0.70 |
0.69 |
0.37 |
0.10 |
0.57 |
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-7.82 |
3.65 |
| S&P BSE SENSEX |
S20 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
0.00 |
0.00 |
| S&P BSE SENSEX 50 |
S21 |
0.76 |
0.81 |
0.00 |
0.00 |
0.00 |
0.00 |
0.74 |
0.00 |
0.00 |
0.64 |
0.74 |
0.00 |
0.98 |
0.68 |
0.78 |
0.67 |
0.68 |
0.75 |
0.57 |
0.00 |
1.00 |
0.79 |
0.70 |
0.72 |
0.09 |
0.68 |
|
2.77 |
1.67 |
| S&P BSE SENSEX NEXT 50 |
S22 |
0.75 |
0.62 |
0.00 |
0.00 |
0.00 |
0.00 |
0.80 |
0.00 |
0.00 |
0.71 |
0.87 |
0.00 |
0.86 |
0.74 |
0.94 |
0.76 |
0.81 |
0.88 |
0.70 |
0.00 |
0.79 |
1.00 |
0.85 |
0.51 |
0.06 |
0.77 |
|
2.20 |
2.27 |
| S&P BSE SMALLCAP |
S23 |
0.69 |
0.51 |
0.00 |
0.00 |
0.00 |
0.00 |
0.75 |
0.00 |
0.00 |
0.71 |
0.92 |
0.00 |
0.76 |
0.70 |
0.91 |
0.71 |
0.80 |
0.83 |
0.69 |
0.00 |
0.70 |
0.85 |
1.00 |
0.49 |
0.10 |
0.77 |
|
3.30 |
2.52 |
| S&P BSE TECK |
S24 |
0.49 |
0.43 |
0.00 |
0.00 |
0.00 |
0.00 |
0.43 |
0.00 |
0.00 |
0.46 |
0.46 |
0.00 |
0.70 |
0.45 |
0.52 |
0.38 |
0.41 |
0.44 |
0.37 |
0.00 |
0.72 |
0.51 |
0.49 |
1.00 |
0.08 |
0.40 |
|
10.56 |
2.36 |
| S&P BSE Telecom |
S25 |
0.05 |
0.06 |
0.00 |
0.00 |
0.00 |
0.00 |
0.07 |
0.00 |
0.00 |
0.06 |
0.07 |
0.00 |
0.09 |
0.14 |
0.06 |
0.07 |
0.05 |
0.08 |
0.10 |
0.00 |
0.09 |
0.06 |
0.10 |
0.08 |
1.00 |
0.05 |
|
70.05 |
40.25 |
| S&P BSE Utilities |
S26 |
0.62 |
0.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.75 |
0.00 |
0.00 |
0.59 |
0.76 |
0.00 |
0.74 |
0.69 |
0.80 |
0.73 |
0.96 |
0.85 |
0.57 |
0.00 |
0.68 |
0.77 |
0.77 |
0.40 |
0.05 |
1.00 |
|
4.15 |
3.13 |
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Note :
- Returns upto 1 year are absolute and over 1 year are compounded and annualised.
- Standard Deviations are calculated on daily return basis for the given period and are annualised.
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Intra-Portfolio Diversification 
Diversification can be quantified as the intra-portfolio correlation. This indicate Percent of diversifiable risk eliminated. |
34.68% |
| Portfolio Return |
3.55% |
| Start Date |
05 Jul 2024 |
| End Date |
04 Oct 2024 |
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| Each cell represents the correlation between the two corresponding assets. |
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| Cell Color |
Description |
Diversification Benefit |
| -1.00 to -0.40 |
Asset pair with negative correlation |
Excellent Diversification |
| -0.40 to 0.00 |
Asset pair with slight negative correlation |
Good Diversification |
| 0.00 to 0.60 |
Asset pair with mild positive correlation |
Moderate Diversification |
| 0.60 to 1.00 |
Asset pair with strong positive correlation |
Poor Diversification |
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