Correlation Analysis Between Citigroup and Taiwan Wtd

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

 Predicted Return Density 

Citigroup Inc  vs.  Taiwan Wtd

 Performance (%) 

Pair Volatility

Taking into account the 30 trading days horizon, Citigroup is expected to generate 2.56 times more return on investment than Taiwan Wtd. However, Citigroup is 2.56 times more volatile than Taiwan Wtd. It trades about 0.05 of its potential returns per unit of risk. Taiwan Wtd is currently generating about 0.03 per unit of risk. If you would invest  6,708  in Citigroup on August 18, 2019 and sell it today you would earn a total of  275.00  from holding Citigroup or generate 4.1% return on investment over 30 days.

Pair Corralation between Citigroup and Taiwan Wtd

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Citigroup and Taiwan Wtd

Citigroup Inc diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and Taiwan Wtd in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Taiwan Wtd 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 Taiwan Wtd. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Taiwan Wtd has no effect on the direction of Citigroup i.e. Citigroup and Taiwan Wtd go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.