PAIR TRADING STRATEGIES
Presented by:
Industry Guide: Faculty Guide:
Anand Agrawal - 09206 Sulagn Patanaik - 09150
Mr. Vivek Gupta Prof. Devi Prasad Bedari & Dr. Jaba M. Gupta
Company:
CapitalVia Global Research Ltd.
Road Map
About CapitalVia Why Pair Trading? Project Objective Scope What is Pair Trading? Methodology Strategy Analysis Observations Findings Limitations Future Scope
Pair Trading 1 November 2010
CapitalVia Global Research Ltd.
Investment advisory firm
Stock tips Commodity tips F&O
Intensive research in stock market Customers: Pan India Offices in India: Bangalore and Indore Expanding at rapid rate
Pair Trading 1 November 2010
Why Pair Trading
Niche strategy Opportunity in Indian market Only FOREX
Pair Trading
1
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ural Networks
Pair Trading
1 November 2010
Trading Based on Ratio Reversion
Select the Pair – OracleFS - Polaris Calculate price ratio of the pair OracleFS/Polaris for last 24 months Calculate Mean and Standard Deviation of Ratios Upper Bound = Mean + SD Lower Bound = Mean - SD
Pair Trading
1 November 2010
Oracle Financial Services
Symbol OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS OFSS Series EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ Date 22-Apr-08 23-Apr-08 24-Apr-08 25-Apr-08 28-Apr-08 29-Apr-08 30-Apr-08 2-May-08 5-May-08 6-May-08 7-May-08 8-May-08 9-May-08 12-May-08 13-May-08 14-May-08 15-May-08 16-May-08 20-May-08 21-May-08 22-May-08 23-May-08 26-May-08 Prev Close 1323.85 1288.55 1280.9 1337.55 1331.85 1299.9 1320.4 1397 1423.3 1346.25 1351.1 1347.05 1318.1 1265.6 1228.3 1326.1 1384.6 1362.55 1403.3 1426.5 1458.45 1506.35 1440.4 Open Price High Price Low Price Last Price Close Price 1330 1290 1300 1365 1345 1315 1330 1450 1447.8 1360 1370 1345 1310 1267 1251 1310 1405 1380 1394 1420 1465 1495.1 1415 1330 1338 1365 1369.8 1359 1351 1425 1462.4 1447.8 1410 1380 1359 1335 1267 1368.95 1404 1439 1413.85 1450 1491 1520 1545 1423 1250 1271 1263.6 1321 1282 1296 1280 1414.95 1335 1293.6 1326.5 1302.7 1243.1 1205 1100 1310 1341.6 1366 1355 1400 1455 1422 1340 1290 1273.4 1335 1332.95 1300 1320 1395 1425.05 1340 1360 1340 1313 1245 1228 1325 1392 1360.15 1409 1424 1485 1515
Even though the departments offer different services, they all contribute to the overall goals of the firm. They mainly deal with issues relating to securities trading and selling. The purpose of this report is to provide a comprehensive outlook of the retail and institutional sales department. The central function and responsibility of the department is to provide investment advice, obtain securities orders from individual and institutional or corporate clients and marketing services (Besley & Brigham, 2014). Some of the principal customers include insurance firms, banks, government and private pension plans corporate retirement plans among others (Downes & Goodman, 2003). The operations and processes at the retail wing are focused on individual clients who are interested in buying and selling stocks, mutual funds and bonds. In particular, daily operations in the department entail buying and selling of securities, offering investment advice and the provision of the marketing support for investment brokers. Representatives who work in the department also answer and respond to customer queries through telephones calls and emails from customers and mailing marketing literature and surveys to retail and institutional clients (Lee & Gabriel,
This part of the report will analyze and explain the different trading and investing strategies used for Cypress Semiconductor Corp, CyberArk Software Ltd, Google Inc, and Apple Inc.
Our first trade was a short straddled position of the company American Water Works Company (NYSE: AWK). This company is under utilities industry with a sub-industry of water and wastewater, it also owns a few subsidiaries that manage municipal drinking water. This company operates in the United States and Canada, and is known to be the largest and most geographically diverse, publicly traded U.S. water and wastewater utility company.
The due date for this quiz is Mon 16 Sep 2013 6:30 PM IST (UTC +0530).
This was partially due to the negotiations with the U.S. government for possible contracts to create renewable gas stations all across the United States which would have given the company preferential government treatment and expected earnings. However; analysts were beginning to speculate that the stock was overvalued as they expected only a $0.17 increase in EPS while the stock price was still soaring 30% above the correct value. In turn I shorted the stock and made a small profit.
On the last Stock Market game, i chose four companies as my targets(Apple, Google, Pandora and Fitbit inc), but this time i added two more companies:KBH and SONS. In this financial journal,i will record each company’s stock movement and my personal opinion.
| | |stock) / (current |1.60 : 1.00 |0.91 : 1.00 |1.46 : 1.00 |
This report is based on two companies publicly listed on the London stock exchange (LSE), comparing the two companies together and choosing one from the two chosen companies. Investing a sum of twelve thousand pounds in the company chosen, tracking the shares from the 5th November 2105 to 8th of January 2016. This report will demonstrate the findings and results of price fluctuation over a period of time, the pest and swot analysis of the company chosen and record the performance with references.
The research paper on “A Study on Individuals Investors Behavior in Stock Markets of India” by Rakesh HM aims to understand the behavior of individual investor in stock market, specifically their attitude and perception with respect to the stock market. A survey is conducted to collect data relating to the above subject. Respondents were classified into different categories like income, profession, education status, sex and age.
Financial investors and traders are always faced with the option on deciding which trading instrument to choose: blue chip stocks or forex. Most likely, the choice will be dependent on the trader’s style and risk tolerance. Investors who buy for the long term are more suited in stock markets; while, those that want to earn on the short term, would be swing and day scalpers, who would opt to go into the more volatile forex markets.
‘ALL of customers deserve excellent service, innovative investing products and superior value’ is stated in the website of 8 Securities. It is believed that 8 Securities’ success is fully tied with the innovation and product development. Most importantly, without being prevented by the risks of new launches, it is the customer focused mind-set that has built its strong customer-centric corporate culture leading to the successful products. Well said Kotler (2005), ‘Customer satisfaction will only be achieved if the entire organisation teams up to form a competitively superior customer value.’ Future marketers are suggested to pay more attention to consumer behaviour and customer experience so as to create demanding product/service to bring higher level of expectation and satisfaction to customers.
The Indian capital market has witness impressive growth and qualitative changes, especially over the last two decades. In the fifties, sixties and most of the seventies, it was in a dormant stage when the investors were generally not familiar with, or inclined towards, the corporate securities. During this time, only few companies accessed the capital market. As a consequence, trading volumes were low during these years. The process of liberalization of the Indian economy since the early nineties has contributed to changes in the capital market scenario. The entry of
I Pragati of B.com(Hons) would like to express my sincere thanks to amity university for giving me the opportunity to carry out a research on the topic ‘’a study of consumer ‘s investment in india’’.The whole period spent in making has been immense learning experience about the Indian stock market.
The stock market is witnessing keen activities and is gradually more gaining Importance. Post the1997 East Asian disaster which had caused significant reduction in asset prices and stock markets in quite a small number of Asian countries, these economies bang back. These economies maintained high interest rates thereby creation them attractive to foreign investors. As a result these economies customary a large inflow of funds and experienced a theatrical run-up in asset prices. As a part of market amalgamation, the capital market of India is no longer cut off from international economic measures and their stock index travels. This paper finds the correlation of Indian Stock market with four other major Asian economies: Japan, Singapore, Hong Kong and Korea. A weak correlation concludes that the Indian stock markets propose diversification benefits to institutional and international investors. The paper finds non routine feature in the stock return allotment of the five economies of Asia including India. The Indian markets showed facial exterior of platykurtic distribution, the volatility of
The study pertains to comparative analysis of the Indian Stock Market with respect to various asian counterparts. Exchanges are now crossing national boundaries to extend their service areas and this has led to cross-border integration. Also, exchanges have begun to offer cross-border trading to facilitate overseas investment options for investors. This not only increased the appeal of the exchange for investors but also attracts more volume. Exchanges regularly solicit companies outside their home territory and encourage them to list on their