This module allows you to analyze existing cross correlation between Alphabet Inc and Citigroup Inc. 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
Alphabet Inc vs Citigroup Inc
If you would invest 7,153 in Citigroup Inc on November 14, 2017 and sell it today you would earn a total of 361 from holding Citigroup Inc or generate 5.05% return on investment over 30 days.
|Time Period||1 Month [change]|
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 Inc 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 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 Alphabet i.e. Alphabet and Citigroup go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup Inc are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.