Correlation Between Bajaj Healthcare and V Mart
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By analyzing existing cross correlation between Bajaj Healthcare Limited and V Mart Retail Limited, you can compare the effects of market volatilities on Bajaj Healthcare and V Mart 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 Bajaj Healthcare with a short position of V Mart. Check out your portfolio center. Please also check ongoing floating volatility patterns of Bajaj Healthcare and V Mart.
Diversification Opportunities for Bajaj Healthcare and V Mart
0.24 | Correlation Coefficient |
Modest diversification
The 3 months correlation between Bajaj and VMART is 0.24. Overlapping area represents the amount of risk that can be diversified away by holding Bajaj Healthcare Limited and V Mart Retail Limited in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on V Mart Retail and Bajaj Healthcare 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 Bajaj Healthcare Limited are associated (or correlated) with V Mart. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of V Mart Retail has no effect on the direction of Bajaj Healthcare i.e., Bajaj Healthcare and V Mart go up and down completely randomly.
Pair Corralation between Bajaj Healthcare and V Mart
Assuming the 90 days trading horizon Bajaj Healthcare is expected to generate 2.04 times less return on investment than V Mart. But when comparing it to its historical volatility, Bajaj Healthcare Limited is 1.05 times less risky than V Mart. It trades about 0.02 of its potential returns per unit of risk. V Mart Retail Limited is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest 74,400 in V Mart Retail Limited on September 2, 2025 and sell it today you would earn a total of 3,865 from holding V Mart Retail Limited or generate 5.19% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Bajaj Healthcare Limited vs. V Mart Retail Limited
Performance |
| Timeline |
| Bajaj Healthcare |
| V Mart Retail |
Bajaj Healthcare and V Mart Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Bajaj Healthcare and V Mart
The main advantage of trading using opposite Bajaj Healthcare and V Mart positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Bajaj Healthcare position performs unexpectedly, V Mart 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 V Mart will offset losses from the drop in V Mart's long position.| Bajaj Healthcare vs. Rama Steel Tubes | Bajaj Healthcare vs. Music Broadcast Limited | Bajaj Healthcare vs. Bharat Road Network | Bajaj Healthcare vs. Dhunseri Investments Limited |
| V Mart vs. Heritage Foods Limited | V Mart vs. Jayant Agro Organics | V Mart vs. Le Travenues Technology | V Mart vs. Syrma SGS Technology |
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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