Correlation Between Citigroup and BigBearai Holdings,

Can any of the company-specific risk be diversified away by investing in both Citigroup and BigBearai Holdings, 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 BigBearai Holdings, into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Citigroup and BigBearai Holdings, WT, you can compare the effects of market volatilities on Citigroup and BigBearai Holdings, 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 BigBearai Holdings,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and BigBearai Holdings,.

Diversification Opportunities for Citigroup and BigBearai Holdings,

0.61

Correlation Coefficient

Citigroup  BigBearai Holdings,

Poor diversification

The 3 months correlation between Citigroup and BigBearai is 0.61. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and BigBearai Holdings, WT in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on BigBearai Holdings, 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 BigBearai Holdings,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BigBearai Holdings, has no effect on the direction of Citigroup i.e., Citigroup and BigBearai Holdings, go up and down completely randomly.

Pair Corralation between Citigroup and BigBearai Holdings,

Taking into account the 90-day investment horizon Citigroup is expected to generate 24.16 times less return on investment than BigBearai Holdings,. But when comparing it to its historical volatility, Citigroup is 9.07 times less risky than BigBearai Holdings,. It trades about 0.12 of its potential returns per unit of risk. BigBearai Holdings, WT is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest  13.00  in BigBearai Holdings, WT on October 8, 2024 and sell it today you would earn a total of  139.00  from holding BigBearai Holdings, WT or generate 1069.23% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Significant
Accuracy	100.0%
Values	Daily Returns

Citigroup  vs.  BigBearai Holdings, WT

Citigroup

Risk-Adjusted Performance

9 of 100

OK

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating fundamental indicators, Citigroup exhibited solid returns over the last few months and may actually be approaching a breakup point.

BigBearai Holdings,

Risk-Adjusted Performance

24 of 100

Solid

Compared to the overall equity markets, risk-adjusted returns on investments in BigBearai Holdings, WT are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively conflicting basic indicators, BigBearai Holdings, unveiled solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with Citigroup and BigBearai Holdings,

The main advantage of trading using opposite Citigroup and BigBearai Holdings, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, BigBearai Holdings, 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 BigBearai Holdings, will offset losses from the drop in BigBearai Holdings,'s long position.

The idea behind Citigroup and BigBearai Holdings, WT pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.