Correlation Between Citigroup and Intapp
Can any of the company-specific risk be diversified away by investing in both Citigroup and Intapp 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 Intapp into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and Intapp Inc, you can compare the effects of market volatilities on Citigroup and Intapp 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 Intapp. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Intapp.
Diversification Opportunities for Citigroup and Intapp
Pay attention - limited upside
The 3 months correlation between Citigroup and Intapp is -0.87. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Intapp Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Intapp Inc 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 Intapp. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Intapp Inc has no effect on the direction of Citigroup i.e., Citigroup and Intapp go up and down completely randomly.
Pair Corralation between Citigroup and Intapp
Taking into account the 90-day investment horizon Citigroup is expected to generate 0.48 times more return on investment than Intapp. However, Citigroup is 2.08 times less risky than Intapp. It trades about 0.23 of its potential returns per unit of risk. Intapp Inc is currently generating about -0.12 per unit of risk. If you would invest 7,766 in Citigroup on June 9, 2025 and sell it today you would earn a total of 1,774 from holding Citigroup or generate 22.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Significant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Citigroup vs. Intapp Inc
Performance |
| Timeline |
| Citigroup |
| Intapp Inc |
Citigroup and Intapp Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and Intapp
The main advantage of trading using opposite Citigroup and Intapp positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Intapp 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 Intapp will offset losses from the drop in Intapp's long position.The idea behind Citigroup and Intapp Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.| Intapp vs. DoubleVerify Holdings | Intapp vs. CS Disco LLC | Intapp vs. Guidewire Software | Intapp vs. EverCommerce |
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Complementary Tools
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |