Correlation Between Citigroup and STACO INSURANCE
Specify exactly 2 symbols:
By analyzing existing cross correlation between Citigroup and STACO INSURANCE PLC, you can compare the effects of market volatilities on Citigroup and STACO INSURANCE 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 STACO INSURANCE. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and STACO INSURANCE.
Diversification Opportunities for Citigroup and STACO INSURANCE
0.0 | Correlation Coefficient |
Pay attention - limited upside
The 3 months correlation between Citigroup and STACO is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and STACO INSURANCE PLC in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on STACO INSURANCE PLC 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 STACO INSURANCE. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of STACO INSURANCE PLC has no effect on the direction of Citigroup i.e., Citigroup and STACO INSURANCE go up and down completely randomly.
Pair Corralation between Citigroup and STACO INSURANCE
If you would invest 7,772 in Citigroup on June 12, 2025 and sell it today you would earn a total of 1,962 from holding Citigroup or generate 25.24% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Flat |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Citigroup vs. STACO INSURANCE PLC
Performance |
| Timeline |
| Citigroup |
| STACO INSURANCE PLC |
Citigroup and STACO INSURANCE Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Citigroup and STACO INSURANCE
The main advantage of trading using opposite Citigroup and STACO INSURANCE positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, STACO INSURANCE 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 STACO INSURANCE will offset losses from the drop in STACO INSURANCE's long position.| Citigroup vs. Bank of America | Citigroup vs. Wells Fargo | Citigroup vs. JPMorgan Chase Co | Citigroup vs. Toronto Dominion Bank |
| STACO INSURANCE vs. JAIZ BANK PLC | STACO INSURANCE vs. FORTIS GLOBAL INSURANCE | STACO INSURANCE vs. ASO SAVINGS AND | STACO INSURANCE vs. MULTIVERSE MINING AND |
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Complementary Tools
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Fundamental Analysis View fundamental data based on most recent published financial statements |