This module allows you to analyze existing cross correlation between Best Buy Co Inc and Citigroup Inc. You can compare the effects of market volatilities on Best Buy 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 Best Buy with a short position of Citigroup. See also your portfolio center. Please also check ongoing floating volatility patterns of Best Buy and Citigroup.
|Investment Horizon||30 Days Login to change|
Considering 30-days investment horizon, Best Buy is expected to generate 1.46 times less return on investment than Citigroup. In addition to that, Best Buy is 1.44 times more volatile than Citigroup Inc. It trades about 0.06 of its total potential returns per unit of risk. Citigroup Inc is currently generating about 0.12 per unit of volatility. If you would invest 5,769 in Citigroup Inc on January 25, 2017 and sell it today you would earn a total of 187.00 from holding Citigroup Inc or generate 3.24% return on investment over 30 days.