HDB HDFC Bank Limited

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

HDB vs IBN

Both indexed to 100 at 2026-05-11.

HDB IBN · range 90–131 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

IBN ICICI Bank Limited

ρ +0.65beyond mkt +0.55holdout +0.69stable 100%robust

INDA iShares MSCI India ETF

ρ +0.61beyond mkt +0.50holdout +0.69stable 100%robust

IIF Morgan Stanley India Investment Fund, Inc.

ρ +0.53beyond mkt +0.41holdout +0.65stable 100%robust

DGIN VanEck Digital India ETF

ρ +0.50beyond mkt +0.35holdout +0.55stable 100%robust

INQQ INQQ The India Internet ETF

ρ +0.49beyond mkt +0.35holdout +0.56stable 100%robust

IFN Aberdeen India Fund, Inc.

ρ +0.48beyond mkt +0.34holdout +0.54stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

FSV FirstService Corporation Common Shares

horizon 5dρ +0.33holdout +0.41stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

PANW Palo Alto Networks, Inc. Common Stock

Δ -0.66recent -0.54prior +0.12beyond mkt -0.11

RDWR Radware Ltd. Ordinary Shares

Δ -0.61recent -0.45prior +0.16beyond mkt -0.03

CGNT Cognyte Software Ltd. Ordinary Shares

Δ -0.59recent -0.41prior +0.18beyond mkt -0.07

FTNT Fortinet, Inc. Common Stock

Δ -0.58recent -0.49prior +0.10beyond mkt -0.11

QLYS Qualys, Inc. Common Stock

Δ -0.58recent -0.45prior +0.13beyond mkt -0.07

OKTA Okta, Inc. Class A Common Stock

Δ -0.57recent -0.47prior +0.10beyond mkt -0.14

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
IBN ICICI Bank Limited	+0.55	+0.65	17
INDA iShares MSCI India ETF	+0.50	+0.61	19
IIF Morgan Stanley India Investment Fund, Inc.	+0.41	+0.53	20
DGIN VanEck Digital India ETF	+0.35	+0.50	20
INQQ INQQ The India Internet ETF	+0.35	+0.49	20