Correlation Analysis Between Citigroup and Visa

This module allows you to analyze existing cross correlation between Citigroup and Visa. You can compare the effects of market volatilities on Citigroup and Visa 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 Visa. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Visa.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Citigroup Inc  vs.  Visa Inc

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the Visa. In addition to that, Citigroup is 1.44 times more volatile than Visa. It trades about -0.19 of its total potential returns per unit of risk. Visa is currently generating about 0.18 per unit of volatility. If you would invest  13,066  in Visa on May 20, 2018 and sell it today you would earn a total of  435.00  from holding Visa or generate 3.33% return on investment over 30 days.

Pair Corralation between Citigroup and Visa

-0.33
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and Visa Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Visa and Citigroup is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Citigroup are associated (or correlated) with Visa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Visa has no effect on the direction of Citigroup i.e. Citigroup and Visa go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Citigroup  
0 

Risk-Adjusted Performance

Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions.
Visa  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Visa are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1168.06

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