Correlation Between Citigroup and Mawer Dactions
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By analyzing existing cross correlation between Citigroup and Mawer dactions internationales, you can compare the effects of market volatilities on Citigroup and Mawer Dactions 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 Citigroup with a short position of Mawer Dactions. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Mawer Dactions.
Diversification Opportunities for Citigroup and Mawer Dactions
-0.26 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Citigroup and Mawer is -0.26. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Mawer dactions internationales in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Mawer dactions inter and Citigroup 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 Citigroup are associated (or correlated) with Mawer Dactions. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Mawer dactions inter has no effect on the direction of Citigroup i.e., Citigroup and Mawer Dactions go up and down completely randomly.
Pair Corralation between Citigroup and Mawer Dactions
Taking into account the 90-day investment horizon Citigroup is expected to generate 3.76 times more return on investment than Mawer Dactions. However, Citigroup is 3.76 times more volatile than Mawer dactions internationales. It trades about 0.26 of its potential returns per unit of risk. Mawer dactions internationales is currently generating about 0.07 per unit of risk. If you would invest 6,361 in Citigroup on September 1, 2024 and sell it today you would earn a total of 726.00 from holding Citigroup or generate 11.41% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.45% |
| Values | Daily Returns |
Citigroup vs. Mawer dactions internationales
Performance |
| Timeline |
| Citigroup |
| Mawer dactions inter |
Citigroup and Mawer Dactions Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and Mawer Dactions
The main advantage of trading using opposite Citigroup and Mawer Dactions positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Mawer Dactions 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 Mawer Dactions will offset losses from the drop in Mawer Dactions' long position.| Citigroup vs. JPMorgan Chase Co | Citigroup vs. Wells Fargo | Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings |
| Mawer Dactions vs. Dynamic Global Fixed | Mawer Dactions vs. PHN Canadian Equity | Mawer Dactions vs. RBC Global Equity | Mawer Dactions vs. Fidelity Global Equity |
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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