Correlation Between Danske Inv and Citigroup

By analyzing existing cross correlation between Danske Inv Engros and Citigroup you can compare the effects of market volatilities on Danske Inv 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 Danske Inv with a short position of Citigroup. Check out your portfolio center. Please also check ongoing floating volatility patterns of Danske Inv and Citigroup.

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Can any of the company-specific risk be diversified away by investing in both Danske Inv and Citigroup at the same time? Although using correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combing Danske Inv and Citigroup into the same portfolio which is an essential part of fundamental portfolio management process.

Diversification Opportunities for Danske Inv and Citigroup

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Correlation
DI
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Pay attention - limited upside

The 3 months correlation between Danske and Citigroup is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Danske Inv Engros Kommuner 4 K and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Danske Inv 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 Danske Inv Engros 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 Danske Inv i.e. Danske Inv and Citigroup go up and down completely randomly.

Pair Corralation between Danske Inv and Citigroup

If you would invest  0.00  in Danske Inv Engros on April 28, 2020 and sell it today you would earn a total of  0.00  from holding Danske Inv Engros or generate 0.0% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.59%
ValuesDaily Returns

Danske Inv Engros Kommuner 4 K  vs.  Citigroup Inc

 Performance (%) 
      Timeline 
Danske Inv Engros 
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Danske Inv Risk-Adjusted Performance

Over the last 30 days Danske Inv Engros has generated negative risk-adjusted returns adding no value to investors with long positions. Regardless of fairly consistent technical and fundamental indicators, Danske Inv is not utilizing all of its potentials. The current stock price confusion, may contribute to short-horizon losses for the traders.
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 somewhat strong basic indicators, Citigroup is not utilizing all of its potentials. The new stock price disturbance, may contribute to short term losses for the investors.

Danske Inv and Citigroup Volatility Contrast

 Predicted Return Density 
      Returns 
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