Citigroup Correlations

Stocks . USA . 
Stock . Citigroup
C Stock  USD 96.07  0.68  0.71%   
The current 90-days correlation between Citigroup and Bank of America is 0.7 (i.e., Poor diversification). The correlation of Citigroup is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Citigroup Correlation With Market

Poor diversification

The correlation between Citigroup and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Citigroup. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Citigroup Stock refer to our How to Trade Citigroup Stock guide.

Moving together with Citigroup Stock

  0.94BK Bank of New YorkPairCorr
  0.96CM Canadian Imperial BankPairCorr
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  0.92TD Toronto Dominion BankPairCorr
  0.92BAC Bank of AmericaPairCorr
  0.92BCS Barclays PLC ADR Earnings Call This WeekPairCorr
  0.93BMO Bank of MontrealPairCorr
  0.94BNS Bank of Nova ScotiaPairCorr
  0.93ING ING Group NV Earnings Call This WeekPairCorr
  0.97JPM JPMorgan ChasePairCorr
  0.62JPM-PK JPMorgan ChasePairCorr
  0.66JPM-PM JPMorgan ChasePairCorr
  0.72JPM-PC JPMorgan ChasePairCorr
  0.61JPM-PD JPMorgan ChasePairCorr
  0.78NTB Bank of NTPairCorr
  0.92SAN Banco Santander SA Earnings Call This WeekPairCorr
  0.93UBS UBS Group AG Normal TradingPairCorr
  0.93WFC Wells Fargo Aggressive PushPairCorr
  0.95HSBC HSBC Holdings PLC Earnings Call This WeekPairCorr
  0.65BAC-PB Bank of AmericaPairCorr
  0.61BAC-PN Bank of AmericaPairCorr
  0.65BAC-PK Bank of AmericaPairCorr
  0.9BAC-PL Bank of AmericaPairCorr
  0.61BAC-PQ Bank of AmericaPairCorr
  0.68MUFG Mitsubishi UFJ Financial Earnings Call This WeekPairCorr
  0.64SMFG Sumitomo Mitsui Financial Earnings Call This WeekPairCorr

Moving against Citigroup Stock

  0.65BML-PJ Bank of AmericaPairCorr
  0.58BML-PL Bank of AmericaPairCorr
  0.47BML-PH Bank of AmericaPairCorr
  0.36BAC-PE Bank of AmericaPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Citigroup Stock performing well and Citigroup Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Citigroup's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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