Correlation Analysis Between American Airlines and Citigroup

This module allows you to analyze existing cross correlation between American Airlines Group and Citigroup. You can compare the effects of market volatilities on American Airlines 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 American Airlines with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of American Airlines and Citigroup.
Horizon     30 Days    Login   to change
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Comparative Performance

American Airlines  
00

Risk-Adjusted Performance

Over the last 30 days American Airlines Group has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, American Airlines is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
Citigroup  
00

Risk-Adjusted Performance

Over the last 30 days Citigroup has generated negative risk-adjusted returns adding no value to investors with long positions. 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.

American Airlines and Citigroup Volatility Contrast

American Airlines Group Inc  vs.  Citigroup Inc

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  6,748  in Citigroup on May 18, 2019 and sell it today you would earn a total of  0.00  from holding Citigroup or generate 0.0% return on investment over 30 days.

Pair Corralation between American Airlines and Citigroup

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for American Airlines and Citigroup

American Airlines Group Inc diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding American Airlines Group Inc and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and American Airlines 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 American Airlines Group 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 American Airlines i.e. American Airlines and Citigroup go up and down completely randomly.
See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.


 
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