CITIGROUP CDR Correlations

CITI Stock

39.16 0.14 0.36%

The current 90-days correlation between CITIGROUP CDR and Medical Facilities is 0.37 (i.e., Weak diversification). The correlation of CITIGROUP CDR 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 CDR Correlation With Market

Good diversification

The correlation between CITIGROUP CDR and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIGROUP CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CITIGROUP CDR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CITIGROUP CDR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CITIGROUP CDR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CITIGROUP CDR to buy it.

Moving together with CITIGROUP Stock

0.94	AMZN	Amazon CDR	Pair Corr
0.94	AMZN	Amazon CDR	Pair Corr
0.79	UPS	UPS CDR	Pair Corr
0.86	SBUX	Starbucks CDR Earnings Call This Week	Pair Corr
0.66	CNQ	Canadian Natural Res	Pair Corr
0.86	AUAU	Allegiant Gold Earnings Call Today	Pair Corr

Moving against CITIGROUP Stock

0.88	BRK	Berkshire Hathaway CDR	Pair Corr
0.88	BRK	Berkshire Hathaway CDR	Pair Corr
0.74	UNH	UnitedHealth Group CDR	Pair Corr

Related Correlations Analysis

	DR	ABR	OM	BMM	MFI	MMP-UN	DCM
DR		-0.48	0.42	0.19	0.68	0.66	0.65	DR
ABR	-0.48		-0.46	0.42	-0.71	-0.56	-0.32	ABR
OM	0.42	-0.46		-0.31	0.57	0.41	0.35	OM
BMM	0.19	0.42	-0.31		0.03	0.12	-0.03	BMM
MFI	0.68	-0.71	0.57	0.03		0.83	0.31	MFI
MMP-UN	0.66	-0.56	0.41	0.12	0.83		0.21	MMP-UN
DCM	0.65	-0.32	0.35	-0.03	0.31	0.21		DCM
	DR	ABR	OM	BMM	MFI	MMP-UN	DCM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MMP-UN	+ 0.83	MFI
MFI	+ 0.68	DR
MMP-UN	+ 0.66	DR
DCM	+ 0.65	DR
MFI	+ 0.57	OM
OM	+ 0.42	DR

High negative correlations

MFI	- 0.71	ABR
MMP-UN	- 0.56	ABR
ABR	- 0.48	DR
OM	- 0.46	ABR
DCM	- 0.32	ABR
BMM	- 0.31	OM

Risk-Adjusted Indicators

There is a big difference between CITIGROUP Stock performing well and CITIGROUP CDR 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 CDR'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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DR	0.94	(0.06)	0.00	(0.13)	0.00	0.00	2.20	(1.70)	4.97
ABR	2.35	(0.39)	0.00	(0.49)	0.00	0.00	4.76	(4.55)	19.54
OM	3.13	0.21	0.05	0.37	3.12	(4.64)	10.00	(5.00)	23.06
BMM	3.02	(0.44)	0.00	(0.16)	0.00	0.00	7.93	(6.91)	17.00
MFI	0.78	0.38	0.24	(3.55)	0.46	(0.93)	2.18	(1.33)	8.79
MMP-UN	1.26	0.14	(0.01)	(0.60)	1.69	(1.46)	2.88	(3.30)	8.29
DCM	1.97	0.01	(0.04)	0.15	1.91	(3.66)	6.08	(3.87)	24.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in CITIGROUP CDR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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