Correlation Analysis Between Eaton Vance and Citigroup

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

Eaton Vance Internat  

Risk-Adjusted Fund Performance

Over the last 30 days Eaton Vance International Ire has generated negative risk-adjusted returns adding no value to fund investors. Despite nearly stable fundamental indicators, Eaton Vance is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Despite somewhat strong basic indicators, Citigroup is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short term losses for the investors.

Eaton Vance and Citigroup Volatility Contrast

Eaton Vance International Ire  vs.  Citigroup Inc

 Performance (%) 

Pair Volatility

If you would invest  6,747  in Citigroup on August 17, 2019 and sell it today you would earn a total of  292.00  from holding Citigroup or generate 4.33% return on investment over 30 days.

Pair Corralation between Eaton Vance and Citigroup

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for Eaton Vance and Citigroup

Eaton Vance International Ire diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Eaton Vance International Ire and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Eaton Vance 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 Eaton Vance International Ire 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 Eaton Vance i.e. Eaton Vance and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.