- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Apple and Citigroup. You can compare the effects of market volatilities on Apple 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 Apple with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Apple and Citigroup.
|Horizon||30 Days Login to change|
Apple and Citigroup Volatility Contrast
Predicted Return Density
Apple Inc vs. Citigroup Inc
Given the investment horizon of 30 days, Apple is expected to under-perform the Citigroup. In addition to that, Apple is 1.23 times more volatile than Citigroup. It trades about -0.13 of its total potential returns per unit of risk. Citigroup is currently generating about -0.03 per unit of volatility. If you would invest 6,462 in Citigroup on December 18, 2018 and sell it today you would lose (284.00) from holding Citigroup or give up 4.39% of portfolio value over 30 days.
Pair Corralation between Apple and Citigroup
|Time Period||2 Months [change]|
Diversification Opportunities for Apple and Citigroup
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Apple Inc and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Apple 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 Apple 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 Apple i.e. Apple and Citigroup go up and down completely randomly.