Weak diversificationOverlapping area represents amount of risk that can be diversified away by holding VTM Limted and equity matching NYA index in the same portfolio
VTM Limted Diversification Suggestion
Use VTM Limted to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of VTM Limted to be traded at 19.6 in 30 days
VTM Limted Price and Market Media
The median price of VTM Limted for the period between Fri, Jan 2, 2015 and Sun, Feb 1, 2015 is 20.05 with a coefficient of variation of 4.03. The daily time series for the period is distributed with a sample standard deviation of 0.81, arithmetic mean of 20.02, and mean deviation of 0.63. The Stock did not receive any noticable media coverage during the period.
VTM Limted [VTM] is traded on Bombay Stock Exchange in India. It is located in Madurai, and employs 660 people. The company currently falls under 'Small-Cap' category with current market capitalization of 824.65 M. VTM Limted has 40.23 M outstanding shares.
Correlation analysis and pair trading evaluation for VTM Limted and Tata Consultancy Ser. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return