CITIGROUP Correlations

172967ML2

86.13 3.14 3.52%

The current 90-days correlation between CITIGROUP INC and Cheniere Energy Partners is -0.21 (i.e., Very good 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

Significant diversification

The correlation between CITIGROUP INC and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIGROUP INC and DJI in the same portfolio, assuming nothing else is changed.

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 INC to buy it.

Moving together with CITIGROUP Bond

0.84	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.81	KO	Coca Cola Aggressive Push	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.78	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against CITIGROUP Bond

0.91	DIS	Walt Disney Aggressive Push	Pair Corr
0.87	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.85	BAC	Bank of America Aggressive Push	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.78	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.77	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.71	T	ATT Inc Sell-off Trend	Pair Corr
0.58	HD	Home Depot	Pair Corr
0.52	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	CQP	DLTTF	BYD	CNP	SMIZF	PCG	KEN	SG
CQP		0.35	0.71	0.77	0.46	0.7	0.71	0.46	CQP
DLTTF	0.35		0.65	0.72	0.88	0.44	0.67	0.66	DLTTF
BYD	0.71	0.65		0.77	0.73	0.76	0.9	0.67	BYD
CNP	0.77	0.72	0.77		0.8	0.74	0.82	0.63	CNP
SMIZF	0.46	0.88	0.73	0.8		0.53	0.73	0.68	SMIZF
PCG	0.7	0.44	0.76	0.74	0.53		0.7	0.38	PCG
KEN	0.71	0.67	0.9	0.82	0.73	0.7		0.63	KEN
SG	0.46	0.66	0.67	0.63	0.68	0.38	0.63		SG
	CQP	DLTTF	BYD	CNP	SMIZF	PCG	KEN	SG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between CITIGROUP Bond performing well and CITIGROUP Corporate Bond 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CQP	1.03	0.21	0.09	1.19	0.98	(1.10)	2.28	(1.85)	4.67
DLTTF	0.02	0.00	0.00	0.20	0.00	0.00	0.00	0.00	0.83
BYD	1.15	0.20	0.17	0.33	0.81	(1.44)	3.30	(1.73)	9.58
CNP	0.89	0.30	0.14	23.30	0.94	(1.01)	1.80	(1.74)	5.92
SMIZF	0.48	0.16	0.00	(12.50)	0.00	0.00	0.00	0.00	17.60
PCG	0.82	0.15	0.05	0.66	0.89	(0.87)	2.45	(1.76)	6.12
KEN	1.37	0.20	0.08	0.41	1.61	(1.40)	3.01	(2.87)	8.45
SG	3.19	0.05	0.05	0.14	3.34	(3.69)	6.33	(6.27)	15.89

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?

Run Portfolio Suggestion Now

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC