This module allows you to analyze existing cross correlation between TOYOTA MOTOR CORP and Citigroup. You can compare the effects of market volatilities on TOYOTA 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 TOYOTA MOTOR with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of TOYOTA MOTOR and Citigroup.
|Horizon||30 Days Login to change|
|TOYOTA MOTOR CORP|
Over the last 30 days TOYOTA MOTOR CORP has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, TOYOTA MOTOR is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Citigroup is not utilizing all of its potentials. The existing stock price disturbance, may contribute to short term losses for the investors.
TOYOTA MOTOR and Citigroup Volatility Contrast
TOYOTA MOTOR CORP vs. Citigroup Inc
If you would invest (100.00) in TOYOTA MOTOR CORP on September 21, 2019 and sell it today you would earn a total of 100.00 from holding TOYOTA MOTOR CORP or generate -100.0% return on investment over 30 days.
Pair Corralation between TOYOTA MOTOR and Citigroup
|Time Period||3 Months [change]|
Diversification Opportunities for TOYOTA MOTOR and Citigroup
Overlapping area represents the amount of risk that can be diversified away by holding TOYOTA MOTOR CORP and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and TOYOTA 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 TOYOTA MOTOR CORP 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 TOYOTA MOTOR i.e. TOYOTA MOTOR and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.