Correlation Between Citigroup and 25160PAE7
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By analyzing existing cross correlation between Citigroup and DEUTSCHE BK AG, you can compare the effects of market volatilities on Citigroup and 25160PAE7 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 25160PAE7. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and 25160PAE7.
Diversification Opportunities for Citigroup and 25160PAE7
Pay attention - limited upside
The 3 months correlation between Citigroup and 25160PAE7 is -0.85. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and DEUTSCHE BK AG in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DEUTSCHE BK AG 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 25160PAE7. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DEUTSCHE BK AG has no effect on the direction of Citigroup i.e., Citigroup and 25160PAE7 go up and down completely randomly.
Pair Corralation between Citigroup and 25160PAE7
Taking into account the 90-day investment horizon Citigroup is expected to generate 2.5 times more return on investment than 25160PAE7. However, Citigroup is 2.5 times more volatile than DEUTSCHE BK AG. It trades about 0.25 of its potential returns per unit of risk. DEUTSCHE BK AG is currently generating about -0.13 per unit of risk. If you would invest 7,016 in Citigroup on October 28, 2024 and sell it today you would earn a total of 1,132 from holding Citigroup or generate 16.13% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 64.1% |
| Values | Daily Returns |
Citigroup vs. DEUTSCHE BK AG
Performance |
| Timeline |
| Citigroup |
| DEUTSCHE BK AG |
Citigroup and 25160PAE7 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and 25160PAE7
The main advantage of trading using opposite Citigroup and 25160PAE7 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, 25160PAE7 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 25160PAE7 will offset losses from the drop in 25160PAE7's long position.| Citigroup vs. JPMorgan Chase Co | Citigroup vs. Wells Fargo | Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings |
| 25160PAE7 vs. Kuya Silver | 25160PAE7 vs. Freedom Holding Corp | 25160PAE7 vs. Hudson Acquisition I | 25160PAE7 vs. Vindicator Silver Lead Mining |
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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.
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