This module allows you to analyze existing cross correlation between Bharat Immunologicals Biologicals Corp Ltd and Tata Consultancy Services Limited. You can compare the effects of market volatilities on Bharat Immunologicals and Tata Consultancy 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 Bharat Immunologicals with a short position of Tata Consultancy. See also your portfolio center. Please also check ongoing floating volatility patterns of Bharat Immunologicals and Tata Consultancy.
|Time Horizon||30 Days Login to change|
Assuming 30 trading days horizon, Bharat Immunologicals Biologicals Corp Ltd is expected to under-perform the Tata Consultancy. In addition to that, Bharat Immunologicals is 2.25 times more volatile than Tata Consultancy Services Limited. It trades about -0.17 of its total potential returns per unit of risk. Tata Consultancy Services Limited is currently generating about -0.05 per unit of volatility. If you would invest 310,200 in Tata Consultancy Services Limited on January 23, 2018 and sell it today you would lose (5,180) from holding Tata Consultancy Services Limited or give up 1.67% of portfolio value over 30 days.