Correlation Analysis Between Barclays PLC and Citigroup

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

Barclays PLC  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Barclays PLC are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively weak forward-looking signals, Barclays PLC may actually be approaching a critical reversion point that can send shares even higher in February 2020.
Citigroup  
1111

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 11 (%) 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 February 2020.

Barclays PLC and Citigroup Volatility Contrast

 Predicted Return Density 
    
  Returns 

Barclays PLC  vs.  Citigroup Inc

 Performance (%) 
    
  Timeline 

Pair Volatility

Considering 30-days investment horizon, Barclays PLC is expected to generate 1.49 times less return on investment than Citigroup. In addition to that, Barclays PLC is 1.56 times more volatile than Citigroup. It trades about 0.07 of its total potential returns per unit of risk. Citigroup is currently generating about 0.17 per unit of volatility. If you would invest  7,245  in Citigroup on December 22, 2019 and sell it today you would earn a total of  788.00  from holding Citigroup or generate 10.88% return on investment over 30 days.

Pair Corralation between Barclays PLC and Citigroup

0.81
Time Period3 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Barclays PLC and Citigroup

Barclays PLC diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Barclays PLC and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Barclays PLC 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 Barclays 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 Barclays PLC i.e. Barclays PLC and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.