On Tue, Apr 5, 2011 at 6:28 PM, Hemal Marfatia <h.m.analyst@gmail.com> wrote:
I am attempting a pair on REC Ltd. & PFC showing the price differential on a graphical basis and going by history in these 2 stocks for the last 1 year.
Both REC and PFC are government entities involved in the business of financing (NBFC) with respective market caps (free float) of Rs.25491 (8921) cr. & Rs.28946 (4342).
Curr Diff 21 days 42 days 60 days 1 yr Hi 1 yr Lo 3 m Hi 3 m Lo -6.50 1.74 6.89 7.54 37.75 -23.25 27.80 -10.95
Since the Difference has bounced off the 3 month low, it is expected to move to its 21 day average 1st and then to its 42 day & 60 day average.
Intellectual discussion and advice is welcome in order to improve my analysis. This is my 1st attempt at making pairs, so kindly point out any errors in the analysis.
Regards,
Hemal Marfatia.
Head Institutional Dealing & Sales.
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