This module allows you to analyze existing cross correlation between Citigroup and Alphabet. You can compare the effects of market volatilities on Citigroup and Alphabet 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 Alphabet. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Alphabet.
|Time Horizon||30 Days Login to change|
Citigroup Inc vs. Alphabet Inc
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the Alphabet. In addition to that, Citigroup is 1.15 times more volatile than Alphabet. It trades about -0.2 of its total potential returns per unit of risk. Alphabet is currently generating about 0.37 per unit of volatility. If you would invest 107,958 in Alphabet on May 20, 2018 and sell it today you would earn a total of 9,388 from holding Alphabet or generate 8.7% return on investment over 30 days.