Correlation Between Citigroup and Active Health
Can any of the company-specific risk be diversified away by investing in both Citigroup and Active Health at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Citigroup and Active Health into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and Active Health Foods, you can compare the effects of market volatilities on Citigroup and Active Health 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 Active Health. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Active Health.
Diversification Opportunities for Citigroup and Active Health
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Citigroup and Active is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Active Health Foods in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Active Health Foods 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 Active Health. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Active Health Foods has no effect on the direction of Citigroup i.e., Citigroup and Active Health go up and down completely randomly.
Pair Corralation between Citigroup and Active Health
If you would invest 9,204 in Citigroup on July 20, 2025 and sell it today you would earn a total of 503.00 from holding Citigroup or generate 5.47% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Citigroup vs. Active Health Foods
Performance |
| Timeline |
| Citigroup |
| Active Health Foods |
Citigroup and Active Health Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and Active Health
The main advantage of trading using opposite Citigroup and Active Health positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Active Health can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Active Health will offset losses from the drop in Active Health's long position.| Citigroup vs. Mitsubishi UFJ Financial | Citigroup vs. Royal Bank of | Citigroup vs. Bank of America | Citigroup vs. Wells Fargo |
| Active Health vs. UMAX Group Corp | Active Health vs. SPO Networks | Active Health vs. SAM Trade Pte | Active Health vs. EZTD Inc |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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