Pair Correlation Between Visa and Citigroup

This module allows you to analyze existing cross correlation between Visa Inc and Citigroup Inc. You can compare the effects of market volatilities on Visa 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 Visa with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Visa and Citigroup.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 Visa Inc  vs   Citigroup Inc
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  7,167  in Citigroup Inc on November 16, 2017 and sell it today you would earn a total of  310  from holding Citigroup Inc or generate 4.33% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Visa and Citigroup
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Citigroup Inc

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup Inc are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.