This module allows you to analyze existing cross correlation between Citigroup and Apple. You can compare the effects of market volatilities on Citigroup and Apple 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 Apple. See also your portfolio center
. Please also check ongoing floating volatility patterns of Citigroup
Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Apple has generated negative risk-adjusted returns adding no value to investors with long positions.
Citigroup and Apple Volatility Contrast
Citigroup Inc vs. Apple Inc
Taking into account the 30 trading days horizon, Citigroup is expected to generate 0.75 times more return on investment than Apple. However, Citigroup is 1.34 times less risky than Apple. It trades about -0.3 of its potential returns per unit of risk. Apple is currently generating about -0.27 per unit of risk. If you would invest 6,971 in Citigroup on November 15, 2018 and sell it today you would lose (1,469) from holding Citigroup or give up 21.07% of portfolio value over 30 days.
Pair Corralation between Citigroup and Apple
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Diversification Opportunities for Citigroup and Apple
Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and Apple Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Apple 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 Apple. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Apple has no effect on the direction of Citigroup i.e. Citigroup and Apple go up and down completely randomly.
See also your portfolio center
. Please also try Idea Breakdown
module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.