Correlation Analysis Between Citigroup and American Airlines

This module allows you to analyze existing cross correlation between Citigroup and American Airlines Group. You can compare the effects of market volatilities on Citigroup and American Airlines 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 American Airlines. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and American Airlines.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Citigroup  
00

Risk-Adjusted Performance

Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Citigroup is not utilizing all of its potentials. The new stock price disturbance, may contribute to short term losses for the investors.
American Airlines  
00

Risk-Adjusted Performance

Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, American Airlines is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

Citigroup and American Airlines Volatility Contrast

Citigroup Inc  vs.  American Airlines Group Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in American Airlines Group on May 21, 2019 and sell it today you would earn a total of  100.00  from holding American Airlines Group or generate -100.0% return on investment over 30 days.

Pair Corralation between Citigroup and American Airlines

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Citigroup and American Airlines

Citigroup Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and American Airlines Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Airlines 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 American Airlines. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Airlines has no effect on the direction of Citigroup i.e. Citigroup and American Airlines go up and down completely randomly.

Citigroup

Pair trading matchups for Citigroup

See also your portfolio center. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.


 
Search macroaxis.com