Correlation Between Citigroup and Msif Emerging

Can any of the company-specific risk be diversified away by investing in both Citigroup and Msif Emerging 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 Msif Emerging into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Citigroup and Msif Emerging Markets, you can compare the effects of market volatilities on Citigroup and Msif Emerging 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 Msif Emerging. Check out your portfolio center. Please also check ongoing floating volatility patterns of Citigroup and Msif Emerging.

Diversification Opportunities for Citigroup and Msif Emerging

0.45

Correlation Coefficient

Citigroup  Msif Emerging

Very weak diversification

The 3 months correlation between Citigroup and Msif is 0.45. Overlapping area represents the amount of risk that can be diversified away by holding Citigroup and Msif Emerging Markets in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Msif Emerging Markets 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 Msif Emerging. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Msif Emerging Markets has no effect on the direction of Citigroup i.e., Citigroup and Msif Emerging go up and down completely randomly.

Pair Corralation between Citigroup and Msif Emerging

Taking into account the 90-day investment horizon Citigroup is expected to generate 1.08 times less return on investment than Msif Emerging. In addition to that, Citigroup is 1.47 times more volatile than Msif Emerging Markets. It trades about 0.1 of its total potential returns per unit of risk. Msif Emerging Markets is currently generating about 0.16 per unit of volatility. If you would invest  2,508  in Msif Emerging Markets on September 5, 2025 and sell it today you would earn a total of  250.00  from holding Msif Emerging Markets or generate 9.97% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Citigroup  vs.  Msif Emerging Markets

Citigroup

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Citigroup are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unfluctuating fundamental indicators, Citigroup may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Msif Emerging Markets

Risk-Adjusted Performance

Good

Compared to the overall equity markets, risk-adjusted returns on investments in Msif Emerging Markets are ranked lower than 12 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak basic indicators, Msif Emerging may actually be approaching a critical reversion point that can send shares even higher in January 2026.

Pair Trading with Citigroup and Msif Emerging

The main advantage of trading using opposite Citigroup and Msif Emerging positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Citigroup position performs unexpectedly, Msif Emerging 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 Msif Emerging will offset losses from the drop in Msif Emerging's long position.

The idea behind Citigroup and Msif Emerging Markets pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..