Correlation Analysis Between Kraken ZCash and Citigroup

This module allows you to analyze existing cross correlation between Kraken ZCash USD and Citigroup. You can compare the effects of market volatilities on Kraken ZCash and Citigroup 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 Kraken ZCash with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken ZCash and Citigroup.
Horizon     30 Days    Login   to change
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Comparative Performance

Kraken ZCash USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Despite somewhat sluggish basic indicators, Citigroup may actually be approaching a critical reversion point that can send shares even higher in January 2020.

Kraken ZCash and Citigroup Volatility Contrast

Kraken ZCash USD  vs.  Citigroup Inc

 Performance (%) 

Pair Volatility

If you would invest  7,031  in Citigroup on November 12, 2019 and sell it today you would earn a total of  675.00  from holding Citigroup or generate 9.6% return on investment over 30 days.

Pair Corralation between Kraken ZCash and Citigroup

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Kraken ZCash and Citigroup

Kraken ZCash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kraken ZCash USD and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Kraken ZCash 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 Kraken ZCash USD are associated (or correlated) with Citigroup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Citigroup has no effect on the direction of Kraken ZCash i.e. Kraken ZCash and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.