Correlation Analysis Between CVS Health and Citigroup

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

CVS Health  
00

Risk-Adjusted Performance

Over the last 30 days CVS Health Corporation has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, CVS Health is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short running losses for the management.
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.

CVS Health and Citigroup Volatility Contrast

CVS Health Corp.  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 CVS Health and Citigroup

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for CVS Health and Citigroup

CVS Health Corp. diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CVS Health Corp. and Citigroup Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Citigroup and CVS Health 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 CVS Health Corporation 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 CVS Health i.e. CVS Health and Citigroup go up and down completely randomly.
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