Correlation Between Citigroup and SKIL INFRASTRUCTUR

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

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

Diversification Opportunities for Citigroup and SKIL INFRASTRUCTUR

0.0
  Correlation Coefficient
Citigroup
SKIL INFRASTRUCTUR

Pay attention - limited upside

The 3 months correlation between Citigroup and SKIL INFRASTRUCTUR is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and SKIL INFRASTRUCTUR in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SKIL INFRASTRUCTUR and Citigroup 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 Citigroup are associated (or correlated) with SKIL INFRASTRUCTUR. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SKIL INFRASTRUCTUR has no effect on the direction of Citigroup i.e. Citigroup and SKIL INFRASTRUCTUR go up and down completely randomly.

Pair Corralation between Citigroup and SKIL INFRASTRUCTUR

If you would invest  4,668  in Citigroup on June 11, 2020 and sell it today you would earn a total of  597.00  from holding Citigroup or generate 12.79% return on investment over 30 days.
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Citigroup Inc  vs.  SKIL INFRASTRUCTUR

 Performance (%) 
      Timeline 
Citigroup 
44

Citigroup Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Despite somewhat sluggish basic indicators, Citigroup sustained solid returns over the last few months and may actually be approaching a breakup point.
SKIL INFRASTRUCTUR 
00

SKIL INFRASTRUCTUR Risk-Adjusted Performance

Over the last 30 days SKIL INFRASTRUCTUR has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, SKIL INFRASTRUCTUR is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the retail investors.

Citigroup and SKIL INFRASTRUCTUR Volatility Contrast

Check out your portfolio center. Please also try Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.


 
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