Correlation Analysis Between Cortland Bancorp and Citigroup

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

Cortland Bancorp  vs.  Citigroup Inc

 Performance (%) 
      Timeline 

Pair Volatility

Given the investment horizon of 30 days, Cortland Bancorp is expected to generate 1.53 times more return on investment than Citigroup. However, Cortland Bancorp is 1.53 times more volatile than Citigroup. It trades about 0.16 of its potential returns per unit of risk. Citigroup is currently generating about 0.03 per unit of risk. If you would invest  2,346  in Cortland Bancorp on July 21, 2018 and sell it today you would earn a total of  114.00  from holding Cortland Bancorp or generate 4.86% return on investment over 30 days.

Pair Corralation between Cortland Bancorp and Citigroup

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy86.36%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Cortland Bancorp and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Cortland Bancorp 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 Cortland Bancorp are associated (or correlated) with Citigroup. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Citigroup has no effect on the direction of Cortland Bancorp i.e. Cortland Bancorp and Citigroup go up and down completely randomly.

Comparative Volatility

Cortland Bancorp  
10 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Cortland Bancorp are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
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.

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ExchangeNASDAQ
$1205.74

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