Citigroup Inc vs. CVS Health Corp.
Taking into account the 30 trading days horizon, Citigroup is expected to under-perform the CVS Health. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 1.59 times less risky than CVS Health. The stock trades about -0.14 of its potential returns per unit of risk. The CVS Health Corporation is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 6,557 in CVS Health Corporation on May 23, 2018 and sell it today you would earn a total of 551.00 from holding CVS Health Corporation or generate 8.4% return on investment over 30 days.
Pair Corralation between Citigroup and CVS Health
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and CVS Health Corp. in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CVS Health 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 CVS Health. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CVS Health has no effect on the direction of Citigroup i.e. Citigroup and CVS Health go up and down completely randomly.
Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in CVS Health Corporation are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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