This module allows you to analyze existing cross correlation between Citigroup and BSE. You can compare the effects of market volatilities on Citigroup and BSE 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 Citigroup with a short position of BSE. See also your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and BSE.
|Horizon||30 Days Login to change|
Predicted Return Density
Citigroup Inc vs. BSE
Taking into account the 30 trading days horizon, Citigroup is expected to generate 1.42 times more return on investment than BSE. However, Citigroup is 1.42 times more volatile than BSE. It trades about 0.04 of its potential returns per unit of risk. BSE is currently generating about -0.03 per unit of risk. If you would invest 6,691 in Citigroup on August 22, 2019 and sell it today you would earn a total of 206.00 from holding Citigroup or generate 3.08% return on investment over 30 days.
Pair Corralation between Citigroup and BSE
|Time Period||3 Months [change]|
Diversification Opportunities for Citigroup and BSE
Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and BSE in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BSE and Citigroup 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 Citigroup are associated (or correlated) with BSE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BSE has no effect on the direction of Citigroup i.e. Citigroup and BSE go up and down completely randomly.
See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.