Correlation Between Osia Hyper and Cantabil Retail
Specify exactly 2 symbols:
By analyzing existing cross correlation between Osia Hyper Retail and Cantabil Retail India, you can compare the effects of market volatilities on Osia Hyper 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 Osia Hyper with a short position of Cantabil Retail. Check out your portfolio center. Please also check ongoing floating volatility patterns of Osia Hyper and Cantabil Retail.
Diversification Opportunities for Osia Hyper and Cantabil Retail
0.32 | Correlation Coefficient |
Weak diversification
The 3 months correlation between Osia and Cantabil is 0.32. Overlapping area represents the amount of risk that can be diversified away by holding Osia Hyper Retail 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 Osia Hyper 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 Osia Hyper Retail 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 Osia Hyper i.e., Osia Hyper and Cantabil Retail go up and down completely randomly.
Pair Corralation between Osia Hyper and Cantabil Retail
Assuming the 90 days trading horizon Osia Hyper Retail is expected to generate 2.31 times more return on investment than Cantabil Retail. However, Osia Hyper is 2.31 times more volatile than Cantabil Retail India. It trades about 0.18 of its potential returns per unit of risk. Cantabil Retail India is currently generating about 0.03 per unit of risk. If you would invest 1,373 in Osia Hyper Retail on August 21, 2025 and sell it today you would earn a total of 640.00 from holding Osia Hyper Retail or generate 46.61% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Osia Hyper Retail vs. Cantabil Retail India
Performance |
| Timeline |
| Osia Hyper Retail |
| Cantabil Retail India |
Osia Hyper and Cantabil Retail Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Osia Hyper and Cantabil Retail
The main advantage of trading using opposite Osia Hyper and Cantabil Retail positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Osia Hyper 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.| Osia Hyper vs. GVP Infotech Limited | Osia Hyper vs. Kingfa Science Technology | Osia Hyper vs. Rico Auto Industries | Osia Hyper vs. GACM Technologies 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Other Complementary Tools
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios |