Correlation Between SANO BRUNOS and Citigroup

Analyzing existing cross correlation between SANO BRUNOS ENTER and Citigroup. You can compare the effects of market volatilities on SANO BRUNOS 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 SANO BRUNOS with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of SANO BRUNOS and Citigroup.
Check Efficiency

Comparative Performance


Risk-Adjusted Performance

Over the last 30 days SANO BRUNOS ENTER has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, SANO BRUNOS is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 5 (%) 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 new stock price disturbance, may contribute to short term losses for the investors.

SANO BRUNOS and Citigroup Volatility Contrast

SANO BRUNOS ENTER  vs.  Citigroup Inc

 Performance (%) 

Pair Volatility

If you would invest  7,440  in Citigroup on January 17, 2020 and sell it today you would earn a total of  439.00  from holding Citigroup or generate 5.9% return on investment over 30 days.

Pair Corralation between SANO BRUNOS and Citigroup

Time Period3 Months [change]
ValuesDaily Returns

Diversification Opportunities for SANO BRUNOS and Citigroup

SANO BRUNOS ENTER diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding SANO BRUNOS ENTER and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and SANO BRUNOS 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 SANO BRUNOS ENTER 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 SANO BRUNOS i.e. SANO BRUNOS and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.