ASIANPAINT.NS vs. ^BSESN
Compare and contrast key facts about Asian Paints Limited (ASIANPAINT.NS) and S&P BSE SENSEX (^BSESN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASIANPAINT.NS or ^BSESN.
Correlation
The correlation between ASIANPAINT.NS and ^BSESN is 0.24, 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
ASIANPAINT.NS vs. ^BSESN - Performance Comparison
Key characteristics
ASIANPAINT.NS:
-0.83
^BSESN:
0.64
ASIANPAINT.NS:
-1.21
^BSESN:
0.90
ASIANPAINT.NS:
0.85
^BSESN:
1.13
ASIANPAINT.NS:
-0.53
^BSESN:
0.58
ASIANPAINT.NS:
-0.93
^BSESN:
1.21
ASIANPAINT.NS:
21.95%
^BSESN:
7.23%
ASIANPAINT.NS:
21.99%
^BSESN:
14.77%
ASIANPAINT.NS:
-44.15%
^BSESN:
-60.91%
ASIANPAINT.NS:
-34.17%
^BSESN:
-6.41%
Returns By Period
In the year-to-date period, ASIANPAINT.NS achieves a 0.93% return, which is significantly lower than ^BSESN's 2.81% return. Over the past 10 years, ASIANPAINT.NS has outperformed ^BSESN with an annualized return of 12.69%, while ^BSESN has yielded a comparatively lower 11.51% annualized return.
ASIANPAINT.NS
0.93%
-3.83%
-18.86%
-18.09%
8.76%
12.69%
^BSESN
2.81%
8.23%
1.00%
9.35%
20.74%
11.51%
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Risk-Adjusted Performance
ASIANPAINT.NS vs. ^BSESN — Risk-Adjusted Performance Rank
ASIANPAINT.NS
^BSESN
ASIANPAINT.NS vs. ^BSESN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Asian Paints Limited (ASIANPAINT.NS) and S&P BSE SENSEX (^BSESN). 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.
Drawdowns
ASIANPAINT.NS vs. ^BSESN - Drawdown Comparison
The maximum ASIANPAINT.NS drawdown since its inception was -44.15%, smaller than the maximum ^BSESN drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and ^BSESN. For additional features, visit the drawdowns tool.
Volatility
ASIANPAINT.NS vs. ^BSESN - Volatility Comparison
Asian Paints Limited (ASIANPAINT.NS) and S&P BSE SENSEX (^BSESN) have volatilities of 7.04% and 7.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.