Correlation Between Citigroup and Unlimited HFMF
Can any of the company-specific risk be diversified away by investing in both Citigroup and Unlimited HFMF 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 Unlimited HFMF into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and Unlimited HFMF Managed, you can compare the effects of market volatilities on Citigroup and Unlimited HFMF 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 Unlimited HFMF. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Unlimited HFMF.
Diversification Opportunities for Citigroup and Unlimited HFMF
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Citigroup and Unlimited is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Unlimited HFMF Managed in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Unlimited HFMF Managed 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 Unlimited HFMF. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Unlimited HFMF Managed has no effect on the direction of Citigroup i.e., Citigroup and Unlimited HFMF go up and down completely randomly.
Pair Corralation between Citigroup and Unlimited HFMF
If you would invest 8,693 in Citigroup on July 14, 2025 and sell it today you would earn a total of 700.00 from holding Citigroup or generate 8.05% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 0.0% |
| Values | Daily Returns |
Citigroup vs. Unlimited HFMF Managed
Performance |
| Timeline |
| Citigroup |
| Unlimited HFMF Managed |
Risk-Adjusted Performance
Fair
Weak | Strong |
Citigroup and Unlimited HFMF Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and Unlimited HFMF
The main advantage of trading using opposite Citigroup and Unlimited HFMF positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Unlimited HFMF 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 Unlimited HFMF will offset losses from the drop in Unlimited HFMF's long position.| Citigroup vs. Toronto Dominion Bank | Citigroup vs. Nu Holdings | Citigroup vs. Goldman Sachs Group | Citigroup vs. Pfizer Inc |
| Unlimited HFMF vs. ProShares Merger ETF | Unlimited HFMF vs. Even Herd Long | Unlimited HFMF vs. Battleshares TSLA vs | Unlimited HFMF vs. Efficient Market Portfolio |
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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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