Correlation Between Boston Properties and CITIGROUP
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By analyzing existing cross correlation between Boston Properties and CITIGROUP INC 475, you can compare the effects of market volatilities on Boston Properties and CITIGROUP and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Boston Properties with a short position of CITIGROUP. Check out your portfolio center. Please also check ongoing floating volatility patterns of Boston Properties and CITIGROUP.
Diversification Opportunities for Boston Properties and CITIGROUP
-0.43 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Boston and CITIGROUP is -0.43. Overlapping area represents the amount of risk that can be diversified away by holding Boston Properties and CITIGROUP INC 475 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CITIGROUP INC 475 and Boston Properties is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Boston Properties are associated (or correlated) with CITIGROUP. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CITIGROUP INC 475 has no effect on the direction of Boston Properties i.e., Boston Properties and CITIGROUP go up and down completely randomly.
Pair Corralation between Boston Properties and CITIGROUP
Considering the 90-day investment horizon Boston Properties is expected to generate 1.14 times more return on investment than CITIGROUP. However, Boston Properties is 1.14 times more volatile than CITIGROUP INC 475. It trades about 0.07 of its potential returns per unit of risk. CITIGROUP INC 475 is currently generating about -0.02 per unit of risk. If you would invest 8,056 in Boston Properties on September 1, 2024 and sell it today you would earn a total of 143.00 from holding Boston Properties or generate 1.78% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Boston Properties vs. CITIGROUP INC 475
Performance |
| Timeline |
| Boston Properties |
| CITIGROUP INC 475 |
Boston Properties and CITIGROUP Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Boston Properties and CITIGROUP
The main advantage of trading using opposite Boston Properties and CITIGROUP positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Boston Properties position performs unexpectedly, CITIGROUP can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CITIGROUP will offset losses from the drop in CITIGROUP's long position.| Boston Properties vs. Douglas Emmett | Boston Properties vs. Alexandria Real Estate | Boston Properties vs. Vornado Realty Trust | Boston Properties vs. Highwoods Properties |
| CITIGROUP vs. Kura Sushi USA | CITIGROUP vs. Boston Properties | CITIGROUP vs. The Wendys Co | CITIGROUP vs. Hooker Furniture |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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