This module allows you to analyze existing cross correlation between BCEX Ethereum USD and HuobiPro Ethereum USD. You can compare the effects of market volatilities on BCEX Ethereum and HuobiPro 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 HuobiPro Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BCEX Ethereum and HuobiPro Ethereum.
|Horizon||30 Days Login to change|
|BCEX Ethereum USD|
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.
|HuobiPro Ethereum USD|
Over the last 30 days HuobiPro Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, HuobiPro 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 HuobiPro Ethereum Volatility Contrast
BCEX Ethereum USD vs. HuobiPro Ethereum USD
If you would invest 19,433 in HuobiPro Ethereum USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding HuobiPro Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between BCEX Ethereum and HuobiPro Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for BCEX Ethereum and HuobiPro Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding BCEX Ethereum USD and HuobiPro Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HuobiPro 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 HuobiPro Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HuobiPro Ethereum USD has no effect on the direction of BCEX Ethereum i.e. BCEX Ethereum and HuobiPro Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.