Correlation Analysis Between MICHELMERSH BRICK and Citigroup

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


Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days. Despite somewhat sluggish basic indicators, Citigroup sustained solid returns over the last few months and may actually be approaching a breakup point.

MICHELMERSH BRICK and Citigroup Volatility Contrast


 Performance (%) 

Pair Volatility

If you would invest  6,325  in Citigroup on October 20, 2019 and sell it today you would earn a total of  1,115  from holding Citigroup or generate 17.63% return on investment over 30 days.

Pair Corralation between MICHELMERSH BRICK and Citigroup

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for MICHELMERSH BRICK and Citigroup

MICHELMERSH BRICK HOLDINGS PLC diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding MICHELMERSH BRICK HOLDINGS PLC and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and MICHELMERSH BRICK 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 MICHELMERSH BRICK HOLDINGS PLC 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 MICHELMERSH BRICK i.e. MICHELMERSH BRICK and Citigroup go up and down completely randomly.


Pair trading matchups for MICHELMERSH BRICK

See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.