Correlation Between Citigroup and MAROC LEASING
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By analyzing existing cross correlation between Citigroup and MAROC LEASING, you can compare the effects of market volatilities on Citigroup and MAROC LEASING 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 MAROC LEASING. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and MAROC LEASING.
Diversification Opportunities for Citigroup and MAROC LEASING
-0.07 | Correlation Coefficient |
Good diversification
The 3 months correlation between Citigroup and MAROC is -0.07. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and MAROC LEASING in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on MAROC LEASING 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 MAROC LEASING. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of MAROC LEASING has no effect on the direction of Citigroup i.e., Citigroup and MAROC LEASING go up and down completely randomly.
Pair Corralation between Citigroup and MAROC LEASING
Taking into account the 90-day investment horizon Citigroup is expected to under-perform the MAROC LEASING. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 1.2 times less risky than MAROC LEASING. The stock trades about -0.04 of its potential returns per unit of risk. The MAROC LEASING is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest 38,800 in MAROC LEASING on November 28, 2024 and sell it today you would lose (200.00) from holding MAROC LEASING or give up 0.52% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 95.65% |
| Values | Daily Returns |
Citigroup vs. MAROC LEASING
Performance |
| Timeline |
| Citigroup |
| MAROC LEASING |
Citigroup and MAROC LEASING Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and MAROC LEASING
The main advantage of trading using opposite Citigroup and MAROC LEASING positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, MAROC LEASING 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 MAROC LEASING will offset losses from the drop in MAROC LEASING's long position.| Citigroup vs. JPMorgan Chase Co | Citigroup vs. Wells Fargo | Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings |
| MAROC LEASING vs. ATTIJARIWAFA BANK | MAROC LEASING vs. MICRODATA | MAROC LEASING vs. CFG BANK | MAROC LEASING vs. BANK OF AFRICA |
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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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