Correlation Analysis Between ACCIONES INVERSIONES and Citigroup

This module allows you to analyze existing cross correlation between ACCIONES INVERSIONES FINANZAS V and Citigroup. You can compare the effects of market volatilities on ACCIONES INVERSIONES 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 ACCIONES INVERSIONES with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of ACCIONES INVERSIONES and Citigroup.
Horizon     30 Days    Login   to change
Check Efficiency

Comparative Performance


Risk-Adjusted Fund Performance

Over the last 30 days ACCIONES INVERSIONES FINANZAS V has generated negative risk-adjusted returns adding no value to fund investors. Even with considerably steady technical indicators, ACCIONES INVERSIONES is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

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.

ACCIONES INVERSIONES and Citigroup Volatility Contrast


 Performance (%) 

Pair Volatility

If you would invest  0.00  in ACCIONES INVERSIONES FINANZAS V on September 20, 2019 and sell it today you would earn a total of  0.00  from holding ACCIONES INVERSIONES FINANZAS V or generate 0.0% return on investment over 30 days.

Pair Corralation between ACCIONES INVERSIONES and Citigroup

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for ACCIONES INVERSIONES and Citigroup

ACCIONES INVERSIONES FINANZAS  diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ACCIONES INVERSIONES FINANZAS and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and ACCIONES INVERSIONES 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 ACCIONES INVERSIONES FINANZAS V 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 ACCIONES INVERSIONES i.e. ACCIONES INVERSIONES and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.