This module allows you to analyze existing cross correlation between Citigroup Inc and American Airlines Group Inc. You can compare the effects of market volatilities on Citigroup and American Airlines 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 American Airlines. See also your portfolio center
. Please also check ongoing floating volatility patterns of Citigroup
and American Airlines
Citigroup Inc vs American Airlines Group Inc
If you would invest 5,339 in American Airlines Group Inc on January 26, 2018 and sell it today you would earn a total of 0.00 from holding American Airlines Group Inc or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and American Airlines Group Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on American Airlines Group and Citigroup 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 Citigroup Inc are associated (or correlated) with American Airlines. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of American Airlines Group has no effect on the direction of Citigroup i.e. Citigroup and American Airlines go up and down completely randomly.
Over the last 30 days Citigroup Inc has generated negative risk-adjusted returns adding no value to investors with long positions.