This module allows you to analyze existing cross correlation between Citigroup and The Bank of New York Mellon Corporation. You can compare the effects of market volatilities on Citigroup and Bank of New York 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 Bank of New York. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Bank of New York.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. The Bank of New York Mellon Co
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the Bank of New York. In addition to that, Citigroup is 1.13 times more volatile than The Bank of New York Mellon Corporation. It trades about -0.19 of its total potential returns per unit of risk. The Bank of New York Mellon Corporation is currently generating about 0.0 per unit of volatility. If you would invest 5,696 in The Bank of New York Mellon Corporation on May 18, 2018 and sell it today you would lose (3.00) from holding The Bank of New York Mellon Corporation or give up 0.05% of portfolio value over 30 days.