Correlation Analysis Between BCEX Ethereum and EXRATES Ethereum

This module allows you to analyze existing cross correlation between BCEX Ethereum USD and EXRATES Ethereum USD. You can compare the effects of market volatilities on BCEX Ethereum and EXRATES Ethereum 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 BCEX Ethereum with a short position of EXRATES Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BCEX Ethereum and EXRATES Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

BCEX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.
EXRATES Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days EXRATES Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Ethereum is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

BCEX Ethereum and EXRATES Ethereum Volatility Contrast

BCEX Ethereum USD  vs.  EXRATES Ethereum USD

BCEX

Ethereum on BCEX in USD

 0.00 
0.00  0.00%
Market Cap: 55.2 M
  

EXRATES

Ethereum on EXRATES in USD

 0.00 
0.00  0.00%
Market Cap: 58.7 M
 0.00 
?% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in EXRATES Ethereum USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding EXRATES Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BCEX Ethereum and EXRATES Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for BCEX Ethereum and EXRATES Ethereum

BCEX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BCEX Ethereum USD and EXRATES Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES Ethereum USD and BCEX Ethereum 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 BCEX Ethereum USD are associated (or correlated) with EXRATES Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Ethereum USD has no effect on the direction of BCEX Ethereum i.e. BCEX Ethereum and EXRATES Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.


 
Search macroaxis.com