Correlation Between Citigroup and 53522KAB9
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By analyzing existing cross correlation between Citigroup and LIN 47 05 DEC 25, you can compare the effects of market volatilities on Citigroup and 53522KAB9 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 53522KAB9. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and 53522KAB9.
Diversification Opportunities for Citigroup and 53522KAB9
Pay attention - limited upside
The 3 months correlation between Citigroup and 53522KAB9 is -0.71. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and LIN 47 05 DEC 25 in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LIN 47 05 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 53522KAB9. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LIN 47 05 has no effect on the direction of Citigroup i.e., Citigroup and 53522KAB9 go up and down completely randomly.
Pair Corralation between Citigroup and 53522KAB9
Taking into account the 90-day investment horizon Citigroup is expected to generate 5.3 times more return on investment than 53522KAB9. However, Citigroup is 5.3 times more volatile than LIN 47 05 DEC 25. It trades about 0.27 of its potential returns per unit of risk. LIN 47 05 DEC 25 is currently generating about -0.1 per unit of risk. If you would invest 6,315 in Citigroup on September 2, 2024 and sell it today you would earn a total of 772.00 from holding Citigroup or generate 12.22% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Weak |
| Accuracy | 95.24% |
| Values | Daily Returns |
Citigroup vs. LIN 47 05 DEC 25
Performance |
| Timeline |
| Citigroup |
| LIN 47 05 |
Citigroup and 53522KAB9 Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and 53522KAB9
The main advantage of trading using opposite Citigroup and 53522KAB9 positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, 53522KAB9 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 53522KAB9 will offset losses from the drop in 53522KAB9's long position.| Citigroup vs. JPMorgan Chase Co | Citigroup vs. Wells Fargo | Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings |
| 53522KAB9 vs. Cincinnati Financial | 53522KAB9 vs. Harmony Gold Mining | 53522KAB9 vs. Summa Silver Corp | 53522KAB9 vs. Cleantech Power Corp |
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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