Pair Correlation Between Commercial Bancshares and Citigroup

This module allows you to analyze existing cross correlation between Commercial Bancshares Inc and Citigroup Inc. You can compare the effects of market volatilities on Commercial Bancshares 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 Commercial Bancshares with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Commercial Bancshares and Citigroup.
Investment Horizon     30 Days    Login   to change
 Commercial Bancshares Inc  vs   Citigroup Inc
 Performance (%) 

Pair Volatility

If you would invest  7,153  in Citigroup Inc on November 14, 2017 and sell it today you would earn a total of  387  from holding Citigroup Inc or generate 5.41% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Commercial Bancshares and Citigroup


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Commercial Bancshares Inc and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup Inc and Commercial Bancshares 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 Commercial Bancshares Inc 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 Inc has no effect on the direction of Commercial Bancshares i.e. Commercial Bancshares and Citigroup go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Citigroup Inc


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup Inc are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.