Correlation Between Citigroup and LandBridge Company
Can any of the company-specific risk be diversified away by investing in both Citigroup and LandBridge Company 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 LandBridge Company into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Citigroup and LandBridge Company LLC, you can compare the effects of market volatilities on Citigroup and LandBridge Company 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 LandBridge Company. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and LandBridge Company.
Diversification Opportunities for Citigroup and LandBridge Company
-0.11 | Correlation Coefficient |
Good diversification
The 3 months correlation between Citigroup and LandBridge is -0.11. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and LandBridge Company LLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on LandBridge Company 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 LandBridge Company. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LandBridge Company has no effect on the direction of Citigroup i.e., Citigroup and LandBridge Company go up and down completely randomly.
Pair Corralation between Citigroup and LandBridge Company
Taking into account the 90-day investment horizon Citigroup is expected to generate 5.02 times less return on investment than LandBridge Company. But when comparing it to its historical volatility, Citigroup is 2.35 times less risky than LandBridge Company. It trades about 0.03 of its potential returns per unit of risk. LandBridge Company LLC is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 5,477 in LandBridge Company LLC on July 26, 2025 and sell it today you would earn a total of 501.00 from holding LandBridge Company LLC or generate 9.15% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Citigroup vs. LandBridge Company LLC
Performance |
| Timeline |
| Citigroup |
| LandBridge Company |
Citigroup and LandBridge Company Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and LandBridge Company
The main advantage of trading using opposite Citigroup and LandBridge Company positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, LandBridge Company 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 LandBridge Company will offset losses from the drop in LandBridge Company's long position.| Citigroup vs. Mitsubishi UFJ Financial | Citigroup vs. Royal Bank of | Citigroup vs. Bank of America | Citigroup vs. Wells Fargo |
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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