This module allows you to analyze existing cross correlation between Citigroup and CVS Health Corporation. You can compare the effects of market volatilities on Citigroup and CVS Health 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 CVS Health. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and CVS Health.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. CVS Health Corp.
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the CVS Health. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 1.65 times less risky than CVS Health. The stock trades about -0.07 of its potential returns per unit of risk. The CVS Health Corporation is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 6,603 in CVS Health Corporation on May 25, 2018 and sell it today you would earn a total of 615.00 from holding CVS Health Corporation or generate 9.31% return on investment over 30 days.