Correlation Between Sasken Technologies and SEPC
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By analyzing existing cross correlation between Sasken Technologies Limited and SEPC Limited, you can compare the effects of market volatilities on Sasken Technologies and SEPC 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 Sasken Technologies with a short position of SEPC. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sasken Technologies and SEPC.
Diversification Opportunities for Sasken Technologies and SEPC
0.11 | Correlation Coefficient |
Average diversification
The 3 months correlation between Sasken and SEPC is 0.11. Overlapping area represents the amount of risk that can be diversified away by holding Sasken Technologies Limited and SEPC Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on SEPC Limited and Sasken Technologies 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 Sasken Technologies Limited are associated (or correlated) with SEPC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SEPC Limited has no effect on the direction of Sasken Technologies i.e., Sasken Technologies and SEPC go up and down completely randomly.
Pair Corralation between Sasken Technologies and SEPC
Assuming the 90 days trading horizon Sasken Technologies Limited is expected to generate 0.76 times more return on investment than SEPC. However, Sasken Technologies Limited is 1.32 times less risky than SEPC. It trades about 0.09 of its potential returns per unit of risk. SEPC Limited is currently generating about 0.05 per unit of risk. If you would invest 77,537 in Sasken Technologies Limited on November 3, 2024 and sell it today you would earn a total of 122,478 from holding Sasken Technologies Limited or generate 157.96% return on investment over 90 days.
Time Period | 3 Months [change] |
Direction | Moves Together |
Strength | Insignificant |
Accuracy | 99.78% |
Values | Daily Returns |
Sasken Technologies Limited vs. SEPC Limited
Performance |
Timeline |
Sasken Technologies |
SEPC Limited |
Sasken Technologies and SEPC Volatility Contrast
Predicted Return Density |
Returns |
Pair Trading with Sasken Technologies and SEPC
The main advantage of trading using opposite Sasken Technologies and SEPC positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sasken Technologies position performs unexpectedly, SEPC 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 SEPC will offset losses from the drop in SEPC's long position.Sasken Technologies vs. Hexa Tradex Limited | Sasken Technologies vs. Credo Brands Marketing | Sasken Technologies vs. Can Fin Homes | Sasken Technologies vs. Embassy Office Parks |
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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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
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