CITIGROUP CDR Correlations

CITI Stock

32.98 0.61 1.88%

The current 90-days correlation between CITIGROUP CDR and 2028 Investment Grade is -0.01 (i.e., Good diversification). The correlation of CITIGROUP CDR 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 CDR Correlation With Market

Significant diversification

The correlation between CITIGROUP CDR and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CITIGROUP CDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CITIGROUP CDR 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 CDR 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 CDR - 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 CDR to buy it.

Moving together with CITIGROUP Stock

0.93	AMZN	Amazon CDR	Pair Corr
0.93	AMZN	Amazon CDR	Pair Corr
0.84	INO-UN	Inovalis Real Estate	Pair Corr
0.79	TRI	Thomson Reuters Corp	Pair Corr
0.67	KXS	Kinaxis	Pair Corr
0.87	EIF	Exchange Income	Pair Corr
0.82	STN	Stantec	Pair Corr
0.74	AQN-PD	Algonquin Power Utilities	Pair Corr
0.86	LNF	Leons Furniture	Pair Corr
0.7	QRC	Queens Road Capital	Pair Corr
0.86	AI	Atrium Mortgage Inve	Pair Corr
0.87	ELF-PF	E L Financial	Pair Corr
0.85	SJ	Stella Jones	Pair Corr
0.83	TF	Timbercreek Financial	Pair Corr
0.7	PKT	Parkit Enterprise	Pair Corr
0.86	PIC-A	Premium Income	Pair Corr
0.95	ERO	Ero Copper Corp	Pair Corr
0.87	VISA	Visa Inc CDR	Pair Corr
0.9	APR-UN	Automotive Properties	Pair Corr
0.81	LB	Laurentian Bank	Pair Corr
0.76	FISH	Sailfish Royalty Corp	Pair Corr
0.71	URE	Ur Energy	Pair Corr
0.78	TIH	Toromont Industries	Pair Corr
0.86	KMP-UN	Killam Apartment Real	Pair Corr
0.93	ADN	Acadian Timber Corp	Pair Corr

Moving against CITIGROUP Stock

0.78	UNH	UnitedHealth Group CDR	Pair Corr
0.43	BRK	Berkshire Hathaway CDR	Pair Corr
0.51	AGET	AGEDB Technology	Pair Corr

Related Correlations Analysis

	IGBT-UN	HILL	SPP	MAP	WAST	AGF-B	CAF	HAM
IGBT-UN		0.07	0.0	0.0	0.12	0.33	0.55	0.12	IGBT-UN
HILL	0.07		0.0	0.0	0.32	-0.42	-0.25	0.4	HILL
SPP	0.0	0.0		1.0	0.0	0.0	0.0	0.0	SPP
MAP	0.0	0.0	1.0		0.0	0.0	0.0	0.0	MAP
WAST	0.12	0.32	0.0	0.0		0.07	-0.09	-0.09	WAST
AGF-B	0.33	-0.42	0.0	0.0	0.07		0.53	0.07	AGF-B
CAF	0.55	-0.25	0.0	0.0	-0.09	0.53		0.23	CAF
HAM	0.12	0.4	0.0	0.0	-0.09	0.07	0.23		HAM
	IGBT-UN	HILL	SPP	MAP	WAST	AGF-B	CAF	HAM

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Correlation Matchups

Over a given time period, the two securities move together 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

MAP	+ 1.0	SPP
CAF	+ 0.55	IGBT-UN
CAF	+ 0.53	AGF-B
HAM	+ 0.4	HILL
AGF-B	+ 0.33	IGBT-UN
WAST	+ 0.32	HILL

High negative correlations

AGF-B	- 0.42	HILL
CAF	- 0.25	HILL
HAM	- 0.09	WAST
CAF	- 0.09	WAST
HAM	- 0.0	MAP
CAF	- 0.0	MAP

Risk-Adjusted Indicators

There is a big difference between CITIGROUP Stock performing well and CITIGROUP CDR Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze CITIGROUP CDR's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IGBT-UN	0.54	0.03	0.02	1.73	0.61	(1.16)	1.67	(1.35)	3.99
HILL	2.18	(0.48)	0.00	(1.89)	0.00	0.00	4.55	(9.52)	33.18
SPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WAST	0.73	(0.01)	0.00	0.23	0.00	0.00	1.76	(1.65)	3.78
AGF-B	1.49	0.39	0.17	4.31	1.80	(1.64)	3.53	(3.36)	9.32
CAF	2.26	0.33	0.06	(20.61)	2.29	(5.32)	6.67	(5.88)	16.25
HAM	1.25	(0.01)	(0.01)	(0.05)	1.57	(1.72)	3.61	(2.65)	9.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in CITIGROUP CDR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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