Correlation Analysis Between Ford Motor and Citigroup

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

Ford Motor Company  vs.  Citigroup Inc

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Ford Motor is expected to generate 1.07 times less return on investment than Citigroup. In addition to that, Ford Motor is 2.24 times more volatile than Citigroup. It trades about 0.03 of its total potential returns per unit of risk. Citigroup is currently generating about 0.07 per unit of volatility. If you would invest  7,053  in Citigroup on August 20, 2018 and sell it today you would earn a total of  83.00  from holding Citigroup or generate 1.18% return on investment over 30 days.

Pair Corralation between Ford Motor and Citigroup

0.15
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Ford Motor Company and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Ford Motor 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 Ford Motor Company 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 Ford Motor i.e. Ford Motor and Citigroup go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Ford Motor  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Ford Motor Company are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Citigroup  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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Alphabet
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IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1161.22

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