Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Bottom-Up

<ul>
<li>
Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.</li>
<li>
Highlights: Currently five pair trade opportunities persist across three markets and three sectors.</li>
<li>
Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.</li>
</ul>



Context: This Insight follows up on previously highlighted relative value opportunities, using a statistical methodology based on mean-reversion to identify opportunities in paired securities.

Highlights: Currently five pair trade opportunities persist across three markets and three sectors.

Why read: Statistical analysis offers a unique perspective on relative value. Gain insights into actionable statistical pair trade opportunities and monitor performance of previously highlighted pairs.


Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (9 Feb 2026)

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/idfc-first-bank-limited" target="_blank" data-smartkarma-citation="entities:26934:1" rel="noopener">IDFC First Bank (IDFCFB IN)</a> vs. <a href="https://www.smartkarma.com/entities/yes-bank-ltd" target="_blank" data-smartkarma-citation="entities:767:1" rel="noopener">Yes Bank (YES IN)</a> price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: Going long <a href="https://www.smartkarma.com/entities/yes-bank-ltd" target="_blank" data-smartkarma-citation="entities:767:1" rel="noopener">Yes Bank (YES IN)</a> and short <a href="https://www.smartkarma.com/entities/idfc-first-bank-limited" target="_blank" data-smartkarma-citation="entities:26934:1" rel="noopener">IDFC First Bank (IDFCFB IN)</a> targets a 6% return, with Yes Bank supported by cheaper valuations.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The IDFC First Bank (IDFCFB IN) vs. Yes Bank (YES IN) price ratio has deviated more than two standard deviations from its one-year average, presenting a potential relative value opportunity.

Highlights: Going long Yes Bank (YES IN) and short IDFC First Bank (IDFCFB IN) targets a 6% return, with Yes Bank supported by cheaper valuations.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Yes Bank (YES IN) Vs IDFC First Bank (IDFCFB IN): Fresh Stat Arb Signal Backed by Historical Success

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/hdfc-bank-ltd-4b6b7a92-9087-468d-9dbe-ab169e77f014" target="_blank" data-smartkarma-citation="entities:558:1" rel="noopener">HDFC Bank (HDFCB IN)</a> vs. the <a href="https://www.smartkarma.com/entities/nse-nifty-bank-index" target="_blank" data-smartkarma-citation="entities:26811:1" rel="noopener">NSE Nifty Bank Index (NSEBANK INDEX)</a> price ratio has deviated significantly from its one-year average, presenting a potential relative value opportunity.</li>
<li>
Highlights: The dislocation highlights the recent underperformance of <a href="https://www.smartkarma.com/entities/hdfc-bank-ltd-4b6b7a92-9087-468d-9dbe-ab169e77f014" target="_blank" data-smartkarma-citation="entities:558:1" rel="noopener">HDFC Bank (HDFCB IN)</a> versus the sector, pointing to a potential overweight in a portfolio context.</li>
<li>
Why Read: Essential for portfolio managers seeking tactical alpha-generation and quantitative traders seeking mean-reversion opportunities.</li>
</ul>



Context: The HDFC Bank (HDFCB IN) vs. the NSE Nifty Bank Index (NSEBANK INDEX) price ratio has deviated significantly from its one-year average, presenting a potential relative value opportunity.

Highlights: The dislocation highlights the recent underperformance of HDFC Bank (HDFCB IN) versus the sector, pointing to a potential overweight in a portfolio context.

Why Read: Essential for portfolio managers seeking tactical alpha-generation and quantitative traders seeking mean-reversion opportunities.


HDFC Bank (HDFCB IN): Underperformance Turns into an Overweight Signal

<ul>
<li>
Context: The <a href="https://www.smartkarma.com/entities/central-bank-of-india" target="_blank" data-smartkarma-citation="entities:544:1" rel="noopener">Central Bank Of India (CBOI IN)</a> vs. <a href="https://www.smartkarma.com/entities/indian-overseas-bank" target="_blank" data-smartkarma-citation="entities:13838:1" rel="noopener">Indian Overseas Bank (IOB IN)</a> ratio has deviated more than two standard deviations from its average, presenting a potential pair-trade opportunity.</li>
<li>
Highlights: Going long/overweight <a href="https://www.smartkarma.com/entities/indian-overseas-bank" target="_blank" data-smartkarma-citation="entities:13838:1" rel="noopener">Indian Overseas Bank (IOB IN)</a> and short/underweight <a href="https://www.smartkarma.com/entities/central-bank-of-india" target="_blank" data-smartkarma-citation="entities:544:1" rel="noopener">Central Bank Of India (CBOI IN)</a> targets a 4% return.</li>
<li>
Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.</li>
</ul>



Context: The Central Bank Of India (CBOI IN) vs. Indian Overseas Bank (IOB IN) ratio has deviated more than two standard deviations from its average, presenting a potential pair-trade opportunity.

Highlights: Going long/overweight Indian Overseas Bank (IOB IN) and short/underweight Central Bank Of India (CBOI IN) targets a 4% return.

Why Read: Essential for quantitative traders seeking mean-reversion opportunities, with detailed execution framework, risk management protocols, and historical simulation showing the statistical basis for this relative value play.


Indian Overseas Bank (IOB IN) Vs. Central Bank Of India (CBOI IN): Quant-Driven Relative Value Trade

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

National Stock Exchange of India / Equity Capital Markets

National Stock Exchange of India (NSE IN)

<ul>
<li>In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, having looked at Hong Kong earlier, we now talk about India's pipeline.</li>
<li>This list has been compiled on a best effort basis from tracking the company filings and through various other sources.</li>
<li>The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.</li>
</ul>


In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, having looked at Hong Kong earlier, we now talk about India's pipeline.
This list has been compiled on a best effort basis from tracking the company filings and through various other sources.
The deals you see in this note are only a part of our full IPO pipeline tracker. Feel free to drop us a message for additional information on these IPOs.


India

Nifty Bank Index is a free-float capitalization-weighted index comprised of the most liquid and large capitalized Indian Banking stocks. The index will have 12 stocks from the banking sector, which trade on the National Stock Exchange. The index was developed with a base value of 1000 as of January 1, 2000.

NSE Nifty Bank Index (NSEBANK INDEX EQUITY)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

NSE Nifty Bank Index (NSEBANK INDEX EQUITY)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (9 Feb 2026)

Statistical methodology identifies five pair trade opportunities across three markets and three sectors, offering unique insights into relative...

Gaudenz Schneider

Yes Bank (YES IN) Vs IDFC First Bank (IDFCFB IN): Fresh Stat Arb Signal Backed by Historical Success

Pair trade with a 6% target-return and a history of successful signals. Opportunity for quantitative traders seeking mean-reversion plays.

Gaudenz Schneider

HDFC Bank (HDFCB IN): Underperformance Turns into an Overweight Signal

This relative value opportunity, long HDFC Bank vs. short the NSE Nifty Bank Index, is based on statistical mean-reversion and ideal for tactical...

Gaudenz Schneider

Indian Overseas Bank (IOB IN) Vs. Central Bank Of India (CBOI IN): Quant-Driven Relative Value Trade

The Central Bank Of India vs. Indian Overseas Bank ratio deviates significantly from its historic mean, with a 4% target return for quant traders...

Gaudenz Schneider

Aequitas 2026 Asia IPO Pipeline - India

In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, having looked at Hong Kong earlier, we now talk about India's pipeline.

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (9 Feb 2026)

​Statistical methodology identifies five pair trade opportunities across three markets and three sectors, offering unique insights into relative...

Gaudenz Schneider

Yes Bank (YES IN) Vs IDFC First Bank (IDFCFB IN): Fresh Stat Arb Signal Backed by Historical Success

Pair trade with a 6% target-return and a history of successful signals. Opportunity for quantitative traders seeking mean-reversion plays.

Gaudenz Schneider

HDFC Bank (HDFCB IN): Underperformance Turns into an Overweight Signal

This relative value opportunity, long HDFC Bank vs. short the NSE Nifty Bank Index, is based on statistical mean-reversion and ideal for tactical...

Gaudenz Schneider

Indian Overseas Bank (IOB IN) Vs. Central Bank Of India (CBOI IN): Quant-Driven Relative Value Trade

The Central Bank Of India vs. Indian Overseas Bank ratio deviates significantly from its historic mean, with a 4% target return for quant traders...

Gaudenz Schneider

Aequitas 2026 Asia IPO Pipeline - India

In this note, we will take a look at the Asia Pacific IPO pipeline for 2026, having looked at Hong Kong earlier, we now talk about India's pipeline.

Sumeet Singh

Statistical methodology identifies five pair trade opportunities across three markets and three sectors, offering unique insights into relative...