This module allows you to analyze existing cross correlation between Southwest Georgia Financial Corporation and Citigroup Inc. You can compare the effects of market volatilities on Southwest Georgia 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 Southwest Georgia with a short position of Citigroup. See also your portfolio center
. Please also check ongoing floating volatility patterns of Southwest Georgia
Southwest Georgia Financial Co vs Citigroup Inc
Considering 30-days investment horizon, Southwest Georgia Financial Corporation is expected to under-perform the Citigroup. But the stock apears to be less risky and, when comparing its historical volatility, Southwest Georgia Financial Corporation is 1.06 times less risky than Citigroup. The stock trades about -0.08 of its potential returns per unit of risk. The Citigroup Inc is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest 7,176 in Citigroup Inc on September 21, 2017 and sell it today you would earn a total of 177 from holding Citigroup Inc or generate 2.47% return on investment over 30 days.
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Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Southwest Georgia Financial Co and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup Inc and Southwest Georgia 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 Southwest Georgia Financial Corporation 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 Southwest Georgia i.e. Southwest Georgia and Citigroup go up and down completely randomly.
Over the last 30 days Southwest Georgia Financial Corporation has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup Inc are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.