- Companies in United States
- Peer Analysis
This module allows you to analyze existing cross correlation between Alphabet and Citigroup. You can compare the effects of market volatilities on Alphabet 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 Alphabet with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Alphabet and Citigroup.
|Horizon||30 Days Login to change|
Alphabet and Citigroup Volatility Contrast
Predicted Return Density
Alphabet Inc vs. Citigroup Inc
Given the investment horizon of 30 days, Alphabet is expected to generate 1.24 times more return on investment than Citigroup. However, Alphabet is 1.24 times more volatile than Citigroup. It trades about -0.02 of its potential returns per unit of risk. Citigroup is currently generating about -0.26 per unit of risk. If you would invest 109,225 in Alphabet on November 14, 2018 and sell it today you would lose (3,297) from holding Alphabet or give up 3.02% of portfolio value over 30 days.
Pair Corralation between Alphabet and Citigroup
|Time Period||2 Months [change]|
Diversification Opportunities for Alphabet and Citigroup
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Alphabet Inc and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Alphabet 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 Alphabet 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 Alphabet i.e. Alphabet and Citigroup go up and down completely randomly.