This module allows you to analyze existing cross correlation between CVS Health Corporation and Citigroup. You can compare the effects of market volatilities on CVS Health 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 CVS Health with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of CVS Health and Citigroup.
|Time Horizon||30 Days Login to change|
CVS Health Corp. vs. Citigroup Inc
Considering 30-days investment horizon, CVS Health Corporation is expected to generate 1.62 times more return on investment than Citigroup. However, CVS Health is 1.62 times more volatile than Citigroup. It trades about 0.25 of its potential returns per unit of risk. Citigroup is currently generating about -0.11 per unit of risk. If you would invest 6,512 in CVS Health Corporation on May 24, 2018 and sell it today you would earn a total of 706.00 from holding CVS Health Corporation or generate 10.84% return on investment over 30 days.