This module allows you to analyze existing cross correlation between Citigroup and Alcoa Corporation. You can compare the effects of market volatilities on Citigroup and Alcoa 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 Citigroup with a short position of Alcoa. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Alcoa.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. Alcoa Corp.
Taking into account the 30 trading days horizon, Citigroup is expected to generate 0.61 times more return on investment than Alcoa. However, Citigroup is 1.65 times less risky than Alcoa. It trades about -0.07 of its potential returns per unit of risk. Alcoa Corporation is currently generating about -0.11 per unit of risk. If you would invest 6,844 in Citigroup on May 25, 2018 and sell it today you would lose (124.00) from holding Citigroup or give up 1.81% of portfolio value over 30 days.