| C Stock | | | USD 78.35 0.99 1.28% |
The current 90-days correlation between Citigroup and HSBC Holdings PLC is 0.79 (i.e., Poor diversification). The correlation of Citigroup is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Citigroup Correlation With Market
Very poor diversification
The correlation between Citigroup and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and DJI in the same portfolio, assuming nothing else is changed.
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