Correlation Between Torrent Power and XPLR Infrastructure
Specify exactly 2 symbols:
By analyzing existing cross correlation between Torrent Power Limited and XPLR Infrastructure LP, you can compare the effects of market volatilities on Torrent Power and XPLR Infrastructure 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 Torrent Power with a short position of XPLR Infrastructure. Check out your portfolio center. Please also check ongoing floating volatility patterns of Torrent Power and XPLR Infrastructure.
Diversification Opportunities for Torrent Power and XPLR Infrastructure
-0.46 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Torrent and XPLR is -0.46. Overlapping area represents the amount of risk that can be diversified away by holding Torrent Power Limited and XPLR Infrastructure LP in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on XPLR Infrastructure and Torrent Power 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 Torrent Power Limited are associated (or correlated) with XPLR Infrastructure. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of XPLR Infrastructure has no effect on the direction of Torrent Power i.e., Torrent Power and XPLR Infrastructure go up and down completely randomly.
Pair Corralation between Torrent Power and XPLR Infrastructure
Assuming the 90 days trading horizon Torrent Power Limited is expected to generate 0.67 times more return on investment than XPLR Infrastructure. However, Torrent Power Limited is 1.49 times less risky than XPLR Infrastructure. It trades about 0.01 of its potential returns per unit of risk. XPLR Infrastructure LP is currently generating about -0.1 per unit of risk. If you would invest 131,360 in Torrent Power Limited on August 30, 2025 and sell it today you would lose (70.00) from holding Torrent Power Limited or give up 0.05% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Torrent Power Limited vs. XPLR Infrastructure LP
Performance |
| Timeline |
| Torrent Power Limited |
| XPLR Infrastructure |
Torrent Power and XPLR Infrastructure Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Torrent Power and XPLR Infrastructure
The main advantage of trading using opposite Torrent Power and XPLR Infrastructure positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Torrent Power position performs unexpectedly, XPLR Infrastructure 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 XPLR Infrastructure will offset losses from the drop in XPLR Infrastructure's long position.| Torrent Power vs. Healthcare Global Enterprises | Torrent Power vs. Star Health and | Torrent Power vs. ESILVER | Torrent Power vs. Ventive Hospitality |
| XPLR Infrastructure vs. North American DataCom | XPLR Infrastructure vs. Retail Food Group | XPLR Infrastructure vs. QKL Stores | XPLR Infrastructure vs. Plaza Retail REIT |
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.
Other Complementary Tools
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| AI Portfolio Prophet Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences |