Correlation Between Sydinvest Fjernsten and Citigroup
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By analyzing existing cross correlation between Sydinvest Fjernsten Akkumulerende and Citigroup, you can compare the effects of market volatilities on Sydinvest Fjernsten 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 Sydinvest Fjernsten with a short position of Citigroup. Check out your portfolio center. Please also check ongoing floating volatility patterns of Sydinvest Fjernsten and Citigroup.
Diversification Opportunities for Sydinvest Fjernsten and Citigroup
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Sydinvest and Citigroup is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Sydinvest Fjernsten Akkumulere and Citigroup in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and Sydinvest Fjernsten 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 Sydinvest Fjernsten Akkumulerende 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 Sydinvest Fjernsten i.e., Sydinvest Fjernsten and Citigroup go up and down completely randomly.
Pair Corralation between Sydinvest Fjernsten and Citigroup
If you would invest 6,113 in Citigroup on February 9, 2024 and sell it today you would earn a total of 162.00 from holding Citigroup or generate 2.65% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Sydinvest Fjernsten Akkumulere vs. Citigroup
Performance |
| Timeline |
| Sydinvest Fjernsten |
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Good
| Citigroup |
Sydinvest Fjernsten and Citigroup Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Sydinvest Fjernsten and Citigroup
The main advantage of trading using opposite Sydinvest Fjernsten and Citigroup positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Sydinvest Fjernsten position performs unexpectedly, Citigroup can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Citigroup will offset losses from the drop in Citigroup's long position.| Sydinvest Fjernsten vs. Jyske Bank AS | Sydinvest Fjernsten vs. Nordfyns Bank AS | Sydinvest Fjernsten vs. Lollands Bank | Sydinvest Fjernsten vs. NTG Nordic Transport |
| Citigroup vs. JPMorgan Chase Co | Citigroup vs. Wells Fargo | Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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