- Companies in United States
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 Co Inc is expected to under-perform the Citigroup. In addition to that, Best Buy is 1.46 times more volatile than Citigroup Inc. It trades about -0.11 of its total potential returns per unit of risk. Citigroup Inc is currently generating about -0.09 per unit of volatility. If you would invest 5,966 in Citigroup Inc on December 19, 2016 and sell it today you would lose (128.00) from holding Citigroup Inc or give up 2.15% of portfolio value over 30 days.