| Your Current Location : Correlation : BSE Sectoral Correlation |
| |
BSE Sectoral Correlation Matrix |
|
| |
| The following table shows return correlations between various BSE Sectoral Indices over the past 3 Months. |
| |
|
|
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 |
0.49 |
0.00 |
0.00 |
0.00 |
0.00 |
0.56 |
0.00 |
0.00 |
0.50 |
0.64 |
0.00 |
0.69 |
0.55 |
0.70 |
0.52 |
0.56 |
0.62 |
0.46 |
0.00 |
0.68 |
0.69 |
0.62 |
0.46 |
0.00 |
0.54 |
|
10.52 |
1.77 |
| S&P BSE BANKEX |
S2 |
0.49 |
1.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.46 |
0.00 |
0.00 |
0.38 |
0.51 |
0.00 |
0.80 |
0.48 |
0.60 |
0.42 |
0.46 |
0.61 |
0.38 |
0.00 |
0.82 |
0.61 |
0.48 |
0.45 |
0.00 |
0.45 |
|
1.64 |
1.60 |
| 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 |
0.56 |
0.46 |
0.00 |
0.00 |
0.00 |
0.00 |
1.00 |
0.00 |
0.00 |
0.48 |
0.66 |
0.00 |
0.69 |
0.67 |
0.71 |
0.93 |
0.66 |
0.80 |
0.49 |
0.00 |
0.66 |
0.69 |
0.67 |
0.43 |
0.00 |
0.66 |
|
11.08 |
1.78 |
| 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 |
0.50 |
0.38 |
0.00 |
0.00 |
0.00 |
0.00 |
0.48 |
0.00 |
0.00 |
1.00 |
0.60 |
0.00 |
0.61 |
0.48 |
0.68 |
0.46 |
0.45 |
0.52 |
0.43 |
0.00 |
0.58 |
0.65 |
0.62 |
0.43 |
0.00 |
0.44 |
|
9.92 |
1.56 |
| S&P BSE Industrials |
S11 |
0.64 |
0.51 |
0.00 |
0.00 |
0.00 |
0.00 |
0.66 |
0.00 |
0.00 |
0.60 |
1.00 |
0.00 |
0.72 |
0.65 |
0.84 |
0.60 |
0.68 |
0.76 |
0.59 |
0.00 |
0.68 |
0.79 |
0.87 |
0.45 |
0.00 |
0.66 |
|
10.01 |
1.95 |
| 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 |
0.69 |
0.80 |
0.00 |
0.00 |
0.00 |
0.00 |
0.69 |
0.00 |
0.00 |
0.61 |
0.72 |
0.00 |
1.00 |
0.69 |
0.79 |
0.64 |
0.66 |
0.74 |
0.53 |
0.00 |
0.97 |
0.81 |
0.68 |
0.70 |
0.00 |
0.64 |
|
4.65 |
1.26 |
| S&P BSE METAL |
S14 |
0.55 |
0.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.67 |
0.00 |
0.00 |
0.48 |
0.65 |
0.00 |
0.69 |
1.00 |
0.71 |
0.60 |
0.61 |
0.72 |
0.47 |
0.00 |
0.65 |
0.66 |
0.66 |
0.43 |
0.00 |
0.60 |
|
8.68 |
2.64 |
| S&P BSE MIDCAP |
S15 |
0.70 |
0.60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.71 |
0.00 |
0.00 |
0.68 |
0.84 |
0.00 |
0.79 |
0.71 |
1.00 |
0.68 |
0.73 |
0.85 |
0.66 |
0.00 |
0.73 |
0.92 |
0.87 |
0.51 |
0.00 |
0.71 |
|
10.02 |
1.74 |
| S&P BSE OIL & GAS |
S16 |
0.52 |
0.42 |
0.00 |
0.00 |
0.00 |
0.00 |
0.93 |
0.00 |
0.00 |
0.46 |
0.60 |
0.00 |
0.64 |
0.60 |
0.68 |
1.00 |
0.64 |
0.77 |
0.46 |
0.00 |
0.60 |
0.67 |
0.63 |
0.39 |
0.00 |
0.63 |
|
9.88 |
1.95 |
| S&P BSE POWER |
S17 |
0.56 |
0.46 |
0.00 |
0.00 |
0.00 |
0.00 |
0.66 |
0.00 |
0.00 |
0.45 |
0.68 |
0.00 |
0.66 |
0.61 |
0.73 |
0.64 |
1.00 |
0.81 |
0.49 |
0.00 |
0.61 |
0.71 |
0.66 |
0.37 |
0.00 |
0.97 |
|
11.79 |
2.43 |
| S&P BSE PSU |
S18 |
0.62 |
0.61 |
0.00 |
0.00 |
0.00 |
0.00 |
0.80 |
0.00 |
0.00 |
0.52 |
0.76 |
0.00 |
0.74 |
0.72 |
0.85 |
0.77 |
0.81 |
1.00 |
0.57 |
0.00 |
0.70 |
0.81 |
0.78 |
0.42 |
0.00 |
0.80 |
|
16.88 |
2.22 |
| S&P BSE REALTY |
S19 |
0.46 |
0.38 |
0.00 |
0.00 |
0.00 |
0.00 |
0.49 |
0.00 |
0.00 |
0.43 |
0.59 |
0.00 |
0.53 |
0.47 |
0.66 |
0.46 |
0.49 |
0.57 |
1.00 |
0.00 |
0.49 |
0.62 |
0.63 |
0.33 |
0.00 |
0.49 |
|
27.05 |
2.95 |
| 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 |
0.68 |
0.82 |
0.00 |
0.00 |
0.00 |
0.00 |
0.66 |
0.00 |
0.00 |
0.58 |
0.68 |
0.00 |
0.97 |
0.65 |
0.73 |
0.60 |
0.61 |
0.70 |
0.49 |
0.00 |
1.00 |
0.76 |
0.62 |
0.71 |
0.00 |
0.61 |
|
4.12 |
1.24 |
| S&P BSE SENSEX NEXT 50 |
S22 |
0.69 |
0.61 |
0.00 |
0.00 |
0.00 |
0.00 |
0.69 |
0.00 |
0.00 |
0.65 |
0.79 |
0.00 |
0.81 |
0.66 |
0.92 |
0.67 |
0.71 |
0.81 |
0.62 |
0.00 |
0.76 |
1.00 |
0.80 |
0.55 |
0.00 |
0.70 |
|
7.08 |
1.61 |
| S&P BSE SMALLCAP |
S23 |
0.62 |
0.48 |
0.00 |
0.00 |
0.00 |
0.00 |
0.67 |
0.00 |
0.00 |
0.62 |
0.87 |
0.00 |
0.68 |
0.66 |
0.87 |
0.63 |
0.66 |
0.78 |
0.63 |
0.00 |
0.62 |
0.80 |
1.00 |
0.45 |
0.00 |
0.67 |
|
8.40 |
2.06 |
| S&P BSE TECk |
S24 |
0.46 |
0.45 |
0.00 |
0.00 |
0.00 |
0.00 |
0.43 |
0.00 |
0.00 |
0.43 |
0.45 |
0.00 |
0.70 |
0.43 |
0.51 |
0.39 |
0.37 |
0.42 |
0.33 |
0.00 |
0.71 |
0.55 |
0.45 |
1.00 |
0.00 |
0.37 |
|
4.97 |
1.66 |
| S&P BSE Telecom |
S25 |
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 Utilities |
S26 |
0.54 |
0.45 |
0.00 |
0.00 |
0.00 |
0.00 |
0.66 |
0.00 |
0.00 |
0.44 |
0.66 |
0.00 |
0.64 |
0.60 |
0.71 |
0.63 |
0.97 |
0.80 |
0.49 |
0.00 |
0.61 |
0.70 |
0.67 |
0.37 |
0.00 |
1.00 |
|
15.05 |
2.67 |
|
| |
| |
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.
|
| |
Intra-Portfolio Diversification 
Diversification can be quantified as the intra-portfolio correlation. This indicate Percent of diversifiable risk eliminated. |
36.23% |
| Portfolio Return |
6.61% |
| Start Date |
01 Sep 2023 |
| End Date |
01 Dec 2023 |
|
| |
| Each cell represents the correlation between the two corresponding assets. |
| |
| 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 |
|
| |
|
|
| |
|
|
|
|
