Correlation Between Infomedia Press and Cantabil Retail
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By analyzing existing cross correlation between Infomedia Press Limited and Cantabil Retail India, you can compare the effects of market volatilities on Infomedia Press and Cantabil Retail 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 Infomedia Press with a short position of Cantabil Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of Infomedia Press and Cantabil Retail.
Diversification Opportunities for Infomedia Press and Cantabil Retail
-0.43 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Infomedia and Cantabil is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Infomedia Press Limited and Cantabil Retail India in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Cantabil Retail India and Infomedia Press 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 Infomedia Press Limited are associated (or correlated) with Cantabil Retail. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cantabil Retail India has no effect on the direction of Infomedia Press i.e., Infomedia Press and Cantabil Retail go up and down completely randomly.
Pair Corralation between Infomedia Press and Cantabil Retail
Assuming the 90 days trading horizon Infomedia Press Limited is expected to under-perform the Cantabil Retail. In addition to that, Infomedia Press is 1.8 times more volatile than Cantabil Retail India. It trades about -0.23 of its total potential returns per unit of risk. Cantabil Retail India is currently generating about 0.16 per unit of volatility. If you would invest 24,295 in Cantabil Retail India on August 20, 2025 and sell it today you would earn a total of 1,245 from holding Cantabil Retail India or generate 5.12% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Infomedia Press Limited vs. Cantabil Retail India
Performance |
| Timeline |
| Infomedia Press |
| Cantabil Retail India |
Infomedia Press and Cantabil Retail Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Infomedia Press and Cantabil Retail
The main advantage of trading using opposite Infomedia Press and Cantabil Retail positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Infomedia Press position performs unexpectedly, Cantabil Retail 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 Cantabil Retail will offset losses from the drop in Cantabil Retail's long position.| Infomedia Press vs. Reliance Industries Limited | Infomedia Press vs. State Bank of | Infomedia Press vs. HDFC Bank Limited | Infomedia Press vs. Tata Motors Limited |
| Cantabil Retail vs. State Bank of | Cantabil Retail vs. Life Insurance | Cantabil Retail vs. HDFC Bank Limited | Cantabil Retail vs. ICICI Bank Limited |
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 AI Portfolio Prophet module to use AI to generate optimal portfolios and find profitable investment opportunities.
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