Citigroup Correlations

Stocks . USA . 
Stock . Citigroup
C Stock  USD 120.42  1.14  0.94%   
The current 90-days correlation between Citigroup and Mitsubishi UFJ Financial is 0.5 (i.e., Very weak diversification). The correlation of Citigroup is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Citigroup Correlation With Market

Poor diversification

The correlation between Citigroup and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Citigroup Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citigroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

Moving together with Citigroup Stock

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  0.91BNS Bank of Nova ScotiaPairCorr
  0.63CIB Grupo Cibest SAPairCorr
  0.79CMA Comerica IncorporatedPairCorr
  0.8CABP CAB Payments HoldingsPairCorr
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  0.89NTB Bank of NTPairCorr
  0.82NWG Natwest Group PLC Normal TradingPairCorr
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  0.95USB US BancorpPairCorr
  0.85STAN Standard Chartered PLCPairCorr
  0.93WFC Wells Fargo Sell-off TrendPairCorr

Moving against Citigroup Stock

  0.66IBN ICICI Bank LimitedPairCorr
  0.7600016 China Minsheng BankingPairCorr
  0.43600000 Shanghai Pudong DevePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Citigroup Stock performing well and Citigroup Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Citigroup's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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