Correlation Analysis Between BRAM INDUSTRIES and Citigroup

This module allows you to analyze existing cross correlation between BRAM INDUSTRIES and Citigroup. You can compare the effects of market volatilities on BRAM INDUSTRIES 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 BRAM INDUSTRIES with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of BRAM INDUSTRIES and Citigroup.
Horizon     30 Days    Login   to change
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Comparative Performance

BRAM INDUSTRIES  
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Risk-Adjusted Performance

Over the last 30 days BRAM INDUSTRIES has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, BRAM INDUSTRIES is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Citigroup  
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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 September 2019. The current disturbance may also be a sign of long term up-swing for the company investors.

BRAM INDUSTRIES and Citigroup Volatility Contrast

BRAM INDUSTRIES  vs.  Citigroup Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in BRAM INDUSTRIES on July 27, 2019 and sell it today you would earn a total of  0.00  from holding BRAM INDUSTRIES or generate 0.0% return on investment over 30 days.

Pair Corralation between BRAM INDUSTRIES and Citigroup

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.33%
ValuesDaily Returns

Diversification Opportunities for BRAM INDUSTRIES and Citigroup

BRAM INDUSTRIES diversification synergy

Pay attention

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