Research preview

Indian equities have lagged Pakistani equities by the widest margin since 2013, a gap that is now visible in total return indices, volatility patterns and risk‑adjusted performance. For systematic traders this divergence is a source of signal, but it also raises questions about structural drivers, market efficiency and portfolio construction. The following analysis translates the headline into quantitative terms, reviews the statistical tools needed to assess the gap, and outlines concrete steps for building a data‑driven response. Measuring the Relative Return Gap The first task is to quantify how much Indian stocks underperform Pakistani stocks....