Correlation Between CSB Bank and MAS Financial
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By analyzing existing cross correlation between CSB Bank Limited and MAS Financial Services, you can compare the effects of market volatilities on CSB Bank and MAS Financial and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CSB Bank with a short position of MAS Financial. Check out your portfolio center. Please also check ongoing floating volatility patterns of CSB Bank and MAS Financial.
Diversification Opportunities for CSB Bank and MAS Financial
-0.14 | Correlation Coefficient |
Good diversification
The 3 months correlation between CSB and MAS is -0.14. Overlapping area represents the amount of risk that can be diversified away by holding CSB Bank Limited and MAS Financial Services in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MAS Financial Services and CSB Bank is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CSB Bank Limited are associated (or correlated) with MAS Financial. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MAS Financial Services has no effect on the direction of CSB Bank i.e., CSB Bank and MAS Financial go up and down completely randomly.
Pair Corralation between CSB Bank and MAS Financial
Assuming the 90 days trading horizon CSB Bank Limited is expected to under-perform the MAS Financial. But the stock apears to be less risky and, when comparing its historical volatility, CSB Bank Limited is 1.63 times less risky than MAS Financial. The stock trades about -0.04 of its potential returns per unit of risk. The MAS Financial Services is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 28,005 in MAS Financial Services on August 29, 2024 and sell it today you would lose (105.00) from holding MAS Financial Services or give up 0.37% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
CSB Bank Limited vs. MAS Financial Services
Performance |
| Timeline |
| CSB Bank Limited |
| MAS Financial Services |
CSB Bank and MAS Financial Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with CSB Bank and MAS Financial
The main advantage of trading using opposite CSB Bank and MAS Financial positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CSB Bank position performs unexpectedly, MAS Financial can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MAS Financial will offset losses from the drop in MAS Financial's long position.| CSB Bank vs. MRF Limited | CSB Bank vs. JSW Holdings Limited | CSB Bank vs. Maharashtra Scooters Limited | CSB Bank vs. Nalwa Sons Investments |
| MAS Financial vs. Reliance Industries Limited | MAS Financial vs. Life Insurance | MAS Financial vs. Indian Oil | MAS Financial vs. Oil Natural Gas |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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