Citigroup Correlations
| TRVC Stock | 66.69 0.51 0.76% |
The current 90-days correlation between Citigroup and JPMorgan Chase Co is 0.79 (i.e., Poor 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 0.72 (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.
Citigroup |
The ability to find closely correlated positions to Citigroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citigroup when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Citigroup - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Citigroup to buy it.
Moving together with Citigroup Stock
| 0.96 | CMC | JPMorgan Chase | PairCorr |
| 0.94 | NCB | Bank of America Corp | PairCorr |
| 0.93 | NWT | Wells Fargo | PairCorr |
| 0.89 | HBC1 | HSBC Holdings plc | PairCorr |
| 0.91 | MFZA | Mitsubishi UFJ Financial | PairCorr |
| 0.93 | MFZ | Mitsubishi UFJ Financial | PairCorr |
| 0.77 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.81 | UN3 | United Natural Foods Earnings Call Next Week | PairCorr |
| 0.92 | V71 | HUT 8 P | PairCorr |
Moving against Citigroup Stock
| 0.9 | INN1 | ING Groep NV | PairCorr |
| 0.86 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.84 | PQ9 | BANK MANDIRI | PairCorr |
| 0.83 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.77 | BYRA | PT Bank Rakyat | PairCorr |
| 0.7 | BYRA | PT Bank Rakyat | PairCorr |
| 0.66 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.46 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Citigroup without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Citigroup Corporate Management
Elected by the shareholders, the Citigroup's board of directors comprises two types of representatives: Citigroup inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Citigroup. The board's role is to monitor Citigroup's management team and ensure that shareholders' interests are well served. Citigroup's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Citigroup's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Mason | Chief Officer | Profile | |
| Michael Whitaker | Head Technology | Profile | |
| Paco Ybarra | Chief Group | Profile | |
| Manolo Falco | CoHead Banking | Profile | |
| David Bailin | Chief Investments | Profile | |
| Engineer Cant | Chief America | Profile |