Citigroup Correlations

C Stock  USD 111.45  1.26  1.14%   
The current 90-days correlation between Citigroup and Banco Santander SA is 0.07 (i.e., Significant 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 0.75 (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.
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 unemployment.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

Moving together with Citigroup Stock

  0.82RY Royal BankPairCorr
  0.75TD Toronto Dominion BankPairCorr
  0.77STD Standard Chartered PLCPairCorr
  0.79FDSB Fifth District BancorpPairCorr
  0.62FITB Fifth Third BancorpPairCorr
  0.8BCS Barclays PLC ADRPairCorr
  0.64BNS Bank of Nova ScotiaPairCorr
  0.76STD0 STANDARD CHARTUNSPADR2PairCorr
  0.68ING ING Group NVPairCorr
  0.63NTB Bank of NTPairCorr
  0.66NWG Natwest Group PLCPairCorr
  0.64SAN Banco Santander SAPairCorr

Moving against Citigroup Stock

  0.36C4C Bank of Communications CoPairCorr
  0.41EK7A AGRICULTBK HADR25PairCorr

Related Correlations Analysis

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