Correlation Between Citigroup and CBL Associates
Can any of the company-specific risk be diversified away by investing in both Citigroup and CBL Associates 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 CBL Associates into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and CBL Associates Properties, you can compare the effects of market volatilities on Citigroup and CBL Associates 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 CBL Associates. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and CBL Associates.
Diversification Opportunities for Citigroup and CBL Associates
0.19 | Correlation Coefficient |
Average diversification
The 3 months correlation between Citigroup and CBL is 0.19. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and CBL Associates Properties in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CBL Associates Properties 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 CBL Associates. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CBL Associates Properties has no effect on the direction of Citigroup i.e., Citigroup and CBL Associates go up and down completely randomly.
Pair Corralation between Citigroup and CBL Associates
Taking into account the 90-day investment horizon Citigroup is expected to under-perform the CBL Associates. But the stock apears to be less risky and, when comparing its historical volatility, Citigroup is 1.01 times less risky than CBL Associates. The stock trades about -0.03 of its potential returns per unit of risk. The CBL Associates Properties is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 2,998 in CBL Associates Properties on August 25, 2025 and sell it today you would earn a total of 308.00 from holding CBL Associates Properties or generate 10.27% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Citigroup vs. CBL Associates Properties
Performance |
| Timeline |
| Citigroup |
| CBL Associates Properties |
Citigroup and CBL Associates Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and CBL Associates
The main advantage of trading using opposite Citigroup and CBL Associates positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, CBL Associates 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 CBL Associates will offset losses from the drop in CBL Associates' long position.| Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings | Citigroup vs. Royal Bank of | Citigroup vs. Canadian Imperial Bank |
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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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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