This module allows you to analyze existing cross correlation between Citigroup and Chevron Corporation. You can compare the effects of market volatilities on Citigroup and Chevron 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 Chevron. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Chevron.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. Chevron Corp.
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the Chevron. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 1.16 times less risky than Chevron. The stock trades about -0.22 of its potential returns per unit of risk. The Chevron Corporation is currently generating about -0.14 of returns per unit of risk over similar time horizon. If you would invest 12,937 in Chevron Corporation on May 19, 2018 and sell it today you would lose (539.00) from holding Chevron Corporation or give up 4.17% of portfolio value over 30 days.