Correlation Between Citigroup and 25160PAH0
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By analyzing existing cross correlation between Citigroup and DB 2552 07 JAN 28, you can compare the effects of market volatilities on Citigroup and 25160PAH0 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 25160PAH0. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and 25160PAH0.
Diversification Opportunities for Citigroup and 25160PAH0
Very good diversification
The 3 months correlation between Citigroup and 25160PAH0 is -0.22. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and DB 2552 07 JAN 28 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on DB 2552 07 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 25160PAH0. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DB 2552 07 has no effect on the direction of Citigroup i.e., Citigroup and 25160PAH0 go up and down completely randomly.
Pair Corralation between Citigroup and 25160PAH0
Taking into account the 90-day investment horizon Citigroup is expected to generate 2.02 times more return on investment than 25160PAH0. However, Citigroup is 2.02 times more volatile than DB 2552 07 JAN 28. It trades about 0.03 of its potential returns per unit of risk. DB 2552 07 JAN 28 is currently generating about -0.26 per unit of risk. If you would invest 7,101 in Citigroup on October 14, 2024 and sell it today you would earn a total of 39.00 from holding Citigroup or generate 0.55% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 89.47% |
| Values | Daily Returns |
Citigroup vs. DB 2552 07 JAN 28
Performance |
| Timeline |
| Citigroup |
| DB 2552 07 |
Citigroup and 25160PAH0 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and 25160PAH0
The main advantage of trading using opposite Citigroup and 25160PAH0 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, 25160PAH0 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 25160PAH0 will offset losses from the drop in 25160PAH0's long position.| Citigroup vs. Nu Holdings | Citigroup vs. Canadian Imperial Bank | Citigroup vs. Bank of Montreal | Citigroup vs. Bank of Nova |
| 25160PAH0 vs. Black Spade Acquisition | 25160PAH0 vs. Hudson Acquisition I | 25160PAH0 vs. MGIC Investment Corp | 25160PAH0 vs. Cedar Realty Trust |
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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