Citigroup Correlations

C -  USA Stock  

USD 47.86  1.51  3.26%

The correlation of Citigroup is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Citigroup moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citigroup moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Citigroup could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Citigroup when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Citigroup - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Citigroup to buy it.

Moving together with Citigroup

0.82BACBank Of AmericaPairCorr
0.71BCSBarclays Plc ADRPairCorr
0.77BMOBank Of Montreal Fiscal Year End 2nd of December 2022 PairCorr
0.8BNSBank of Nova Scotia Fiscal Year End 29th of November 2022 PairCorr
0.81CMCanadian Imperial Bank Fiscal Year End 1st of December 2022 PairCorr
0.83CSCredit Suisse GroupPairCorr
0.81EWBCEast West BancorpPairCorr
0.62HSBCHSBC Holdings PlcPairCorr
0.89JPMJP Morgan Chase Financial Report 12th of July 2022 PairCorr
0.79MUFGMitsubishi Ufj FinancialPairCorr
0.69ABCBAmeris BancorpPairCorr
0.73ABTXAllegiance Banc CSPairCorr
0.67ACAssociated CapitalPairCorr

Related Correlations

VTNR
VZ
CSCO
DIS
CAT
VTNR
-0.21-0.79-0.71-0.18
VTNR
VZ
-0.210.260.430.41
VZ
CSCO
-0.790.260.920.54
CSCO
DIS
-0.710.430.920.65
DIS
CAT
-0.180.410.540.65
CAT
VTNR
VZ
CSCO
DIS
CAT
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
DISCSCO
CATDIS
CATCSCO
DISVZ
CATVZ
CSCOVZ
  
High negative correlations   
CSCOVTNR
DISVTNR
VZVTNR
CATVTNR

Citigroup Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Citigroup stock performing well and Citigroup company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Citigroup's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Similar Equity Warning - C

Citigroup was forked

The entity Citigroup with a symbol C was recently forked. You can potentially use CHRYSLER CORP with a symbol C1 from now on.

Citigroup Corporate Directors

Citigroup corporate directors refer to members of a Citigroup board of directors. The board of directors generally takes responsibility for the Citigroup's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Citigroup's board members must vote for the resolution. The Citigroup board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Judith Rodin - Independent DirectorProfile
Ellen Costello - Independent DirectorProfile
Deborah Wright - Independent DirectorProfile
Ernesto Zedillo - Independent DirectorProfile

Investing Citigroup

You need to understand the risk of investing before taking a position in Citigroup. The danger of trading Citigroup is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Citigroup is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Citigroup. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Citigroup is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Continue to Trending Equities. Note that the Citigroup information on this page should be used as a complementary analysis to other Citigroup's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Citigroup Stock analysis

When running Citigroup price analysis, check to measure Citigroup's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Citigroup is operating at the current time. Most of Citigroup's value examination focuses on studying past and present price action to predict the probability of Citigroup's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Citigroup's price. Additionally, you may evaluate how the addition of Citigroup to your portfolios can decrease your overall portfolio volatility.
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Is Citigroup's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Citigroup. If investors know Citigroup will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Citigroup listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.44
Market Capitalization
90 B
Quarterly Revenue Growth YOY
-0.1
Return On Assets
0.0078
Return On Equity
0.0915
The market value of Citigroup is measured differently than its book value, which is the value of Citigroup that is recorded on the company's balance sheet. Investors also form their own opinion of Citigroup's value that differs from its market value or its book value, called intrinsic value, which is Citigroup's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Citigroup's market value can be influenced by many factors that don't directly affect Citigroup's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Citigroup's value and its price as these two are different measures arrived at by different means. Investors typically determine Citigroup value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citigroup's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.