- Companies in United States
This module allows you to analyze existing cross correlation between Alcoa Inc and Citigroup Inc. You can compare the effects of market volatilities on Alcoa 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 Alcoa with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Alcoa and Citigroup.
|Investment Horizon||30 Days Login to change|
Allowing for the 30-days total investment horizon, Alcoa Inc is expected to generate 2.2 times more return on investment than Citigroup. However, Alcoa is 2.2 times more volatile than Citigroup Inc. It trades about 0.24 of its potential returns per unit of risk. Citigroup Inc is currently generating about -0.09 per unit of risk. If you would invest 2,929 in Alcoa Inc on December 19, 2016 and sell it today you would earn a total of 335.00 from holding Alcoa Inc or generate 11.44% return on investment over 30 days.