ALKYLAMINE.NS vs. ^NIFTY500
Compare and contrast key facts about Alkyl Amines Chemicals Limited (ALKYLAMINE.NS) and Nifty 500 (^NIFTY500).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALKYLAMINE.NS or ^NIFTY500.
Correlation
The correlation between ALKYLAMINE.NS and ^NIFTY500 is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ALKYLAMINE.NS vs. ^NIFTY500 - Performance Comparison
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Key characteristics
ALKYLAMINE.NS:
-0.56
^NIFTY500:
0.39
ALKYLAMINE.NS:
-0.70
^NIFTY500:
0.48
ALKYLAMINE.NS:
0.92
^NIFTY500:
1.07
ALKYLAMINE.NS:
-0.29
^NIFTY500:
0.25
ALKYLAMINE.NS:
-0.99
^NIFTY500:
0.55
ALKYLAMINE.NS:
19.11%
^NIFTY500:
8.67%
ALKYLAMINE.NS:
32.95%
^NIFTY500:
16.55%
ALKYLAMINE.NS:
-69.85%
^NIFTY500:
-68.02%
ALKYLAMINE.NS:
-64.28%
^NIFTY500:
-11.52%
Returns By Period
In the year-to-date period, ALKYLAMINE.NS achieves a -7.40% return, which is significantly lower than ^NIFTY500's -3.13% return. Over the past 10 years, ALKYLAMINE.NS has outperformed ^NIFTY500 with an annualized return of 30.78%, while ^NIFTY500 has yielded a comparatively lower 12.56% annualized return.
ALKYLAMINE.NS
-7.40%
-2.72%
-20.64%
-17.07%
18.96%
30.78%
^NIFTY500
-3.13%
6.48%
-4.28%
5.89%
23.71%
12.56%
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Risk-Adjusted Performance
ALKYLAMINE.NS vs. ^NIFTY500 — Risk-Adjusted Performance Rank
ALKYLAMINE.NS
^NIFTY500
ALKYLAMINE.NS vs. ^NIFTY500 - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alkyl Amines Chemicals Limited (ALKYLAMINE.NS) and Nifty 500 (^NIFTY500). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
ALKYLAMINE.NS vs. ^NIFTY500 - Drawdown Comparison
The maximum ALKYLAMINE.NS drawdown since its inception was -69.85%, roughly equal to the maximum ^NIFTY500 drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for ALKYLAMINE.NS and ^NIFTY500. For additional features, visit the drawdowns tool.
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Volatility
ALKYLAMINE.NS vs. ^NIFTY500 - Volatility Comparison
Alkyl Amines Chemicals Limited (ALKYLAMINE.NS) has a higher volatility of 10.63% compared to Nifty 500 (^NIFTY500) at 6.25%. This indicates that ALKYLAMINE.NS's price experiences larger fluctuations and is considered to be riskier than ^NIFTY500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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