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Correlation Between AVT NATURAL and Citigroup

Analyzing existing cross correlation between AVT NATURAL PRODUCTS LTD and Citigroup. You can compare the effects of market volatilities on AVT NATURAL 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 AVT NATURAL with a short position of Citigroup. Check out your portfolio center. Please also check ongoing floating volatility patterns of AVT NATURAL and Citigroup.

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Diversification Opportunities for AVT NATURAL and Citigroup

AVT NATURAL PRODUCTS LTD diversification synergy
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AVT
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Pay attention - limited upside

The 3 months correlation between 519105 and Citigroup is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding AVT NATURAL PRODUCTS LTD and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and AVT NATURAL 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 AVT NATURAL PRODUCTS LTD 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 AVT NATURAL i.e. AVT NATURAL and Citigroup go up and down completely randomly.

Pair Corralation between AVT NATURAL and Citigroup

If you would invest (100.00)  in AVT NATURAL PRODUCTS LTD on March 3, 2020 and sell it today you would earn a total of  100.00  from holding AVT NATURAL PRODUCTS LTD or generate -100.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

AVT NATURAL PRODUCTS LTD  vs.  Citigroup Inc

 Performance (%) 
    
  Timeline 
AVT NATURAL PRODUCTS 
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AVT NATURAL Risk-Adjusted Performance

Over the last 30 days AVT NATURAL PRODUCTS LTD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, AVT NATURAL is not utilizing all of its potentials. The existing stock price disturbance, may contribute to short term losses for the investors.
Citigroup 
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Citigroup Risk-Adjusted Performance

Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions. Despite sluggish performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in May 2020. The current disturbance may also be a sign of long term up-swing for the company investors.

AVT NATURAL and Citigroup Volatility Contrast

Check out your portfolio center. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.


 
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