This module allows you to analyze existing cross correlation between Citigroup Inc 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|
Taking into account the 30 trading days horizon, Citigroup Inc is expected to under-perform the Bank of New York. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup Inc is 1.25 times less risky than Bank of New York. The stock trades about -0.2 of its potential returns per unit of risk. The The Bank of New York Mellon Corporation is currently generating about -0.12 of returns per unit of risk over similar time horizon. If you would invest 5,642 in The Bank of New York Mellon Corporation on February 17, 2018 and sell it today you would lose (208.00) from holding The Bank of New York Mellon Corporation or give up 3.69% of portfolio value over 30 days.