Correlation Between V2 Retail and Jindal Poly
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By analyzing existing cross correlation between V2 Retail Limited and Jindal Poly Investment, you can compare the effects of market volatilities on V2 Retail and Jindal Poly 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 V2 Retail with a short position of Jindal Poly. Check out your portfolio center. Please also check ongoing floating volatility patterns of V2 Retail and Jindal Poly.
Diversification Opportunities for V2 Retail and Jindal Poly
0.38 | Correlation Coefficient |
Weak diversification
The 3 months correlation between V2RETAIL and Jindal is 0.38. Overlapping area represents the amount of risk that can be diversified away by holding V2 Retail Limited and Jindal Poly Investment in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Jindal Poly Investment and V2 Retail 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 V2 Retail Limited are associated (or correlated) with Jindal Poly. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Jindal Poly Investment has no effect on the direction of V2 Retail i.e., V2 Retail and Jindal Poly go up and down completely randomly.
Pair Corralation between V2 Retail and Jindal Poly
Assuming the 90 days trading horizon V2 Retail Limited is expected to generate 1.11 times more return on investment than Jindal Poly. However, V2 Retail is 1.11 times more volatile than Jindal Poly Investment. It trades about 0.23 of its potential returns per unit of risk. Jindal Poly Investment is currently generating about 0.05 per unit of risk. If you would invest 168,770 in V2 Retail Limited on September 3, 2025 and sell it today you would earn a total of 78,950 from holding V2 Retail Limited or generate 46.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Weak |
| Accuracy | 98.44% |
| Values | Daily Returns |
V2 Retail Limited vs. Jindal Poly Investment
Performance |
| Timeline |
| V2 Retail Limited |
| Jindal Poly Investment |
V2 Retail and Jindal Poly Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with V2 Retail and Jindal Poly
The main advantage of trading using opposite V2 Retail and Jindal Poly positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if V2 Retail position performs unexpectedly, Jindal Poly 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 Jindal Poly will offset losses from the drop in Jindal Poly's long position.| V2 Retail vs. Hilton Metal Forging | V2 Retail vs. Lakshmi Finance Industrial | V2 Retail vs. Indian Metals Ferro | V2 Retail vs. Ratnamani Metals Tubes |
| Jindal Poly vs. HEALTHADD | Jindal Poly vs. The Investment Trust | Jindal Poly vs. Popular Vehicles and | Jindal Poly vs. Cholamandalam Investment and |
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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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