Correlation Analysis Between Citigroup and ING Group

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

Citigroup  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. 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.
ING Group N  
00

Risk-Adjusted Performance

Over the last 30 days ING Group N V has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, ING Group is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Citigroup and ING Group Volatility Contrast

 Predicted Return Density 
      Returns 

Citigroup Inc  vs.  ING Group N V

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Citigroup is expected to generate 1.04 times more return on investment than ING Group. However, Citigroup is 1.04 times more volatile than ING Group N V. It trades about 0.05 of its potential returns per unit of risk. ING Group N V is currently generating about -0.03 per unit of risk. If you would invest  6,708  in Citigroup on August 18, 2019 and sell it today you would earn a total of  275.00  from holding Citigroup or generate 4.1% return on investment over 30 days.

Pair Corralation between Citigroup and ING Group

0.88
Time Period3 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Citigroup and ING Group

Citigroup Inc diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Citigroup Inc and ING Group N V in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ING Group N 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 ING Group. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ING Group N has no effect on the direction of Citigroup i.e. Citigroup and ING Group go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
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