Correlation Between Citigroup and Ambertech
Can any of the company-specific risk be diversified away by investing in both Citigroup and Ambertech 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 Ambertech into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and Ambertech, you can compare the effects of market volatilities on Citigroup and Ambertech 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 Ambertech. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Ambertech.
Diversification Opportunities for Citigroup and Ambertech
Very good diversification
The 3 months correlation between Citigroup and Ambertech is -0.38. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Ambertech in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Ambertech 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 Ambertech. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ambertech has no effect on the direction of Citigroup i.e., Citigroup and Ambertech go up and down completely randomly.
Pair Corralation between Citigroup and Ambertech
Taking into account the 90-day investment horizon Citigroup is expected to generate 0.43 times more return on investment than Ambertech. However, Citigroup is 2.34 times less risky than Ambertech. It trades about 0.07 of its potential returns per unit of risk. Ambertech is currently generating about -0.01 per unit of risk. If you would invest 9,470 in Citigroup on August 22, 2025 and sell it today you would earn a total of 513.00 from holding Citigroup or generate 5.42% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 98.44% |
| Values | Daily Returns |
Citigroup vs. Ambertech
Performance |
| Timeline |
| Citigroup |
| Ambertech |
Citigroup and Ambertech Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and Ambertech
The main advantage of trading using opposite Citigroup and Ambertech positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Ambertech 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 Ambertech will offset losses from the drop in Ambertech's long position.| Citigroup vs. Mitsubishi UFJ Financial | Citigroup vs. Royal Bank of | Citigroup vs. Wells Fargo | Citigroup vs. Bank of America |
| Ambertech vs. Deep Yellow | Ambertech vs. Classic Minerals | Ambertech vs. Polarx | Ambertech vs. Tlou Energy |
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 Global Correlations module to find global opportunities by holding instruments from different markets.
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