Correlation Analysis Between Binance Ethereum and Exmo Ethereum

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

Binance Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

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

Binance Ethereum and Exmo Ethereum Volatility Contrast

Binance Ethereum USD  vs.  Exmo Ethereum USD

Binance

Ethereum on Binance in USD

 188.27 
0.00  0.00%
Market Cap: 626.4 K
  

Exmo

Ethereum on Exmo in USD

 190.73 
0.00  0.00%
Market Cap: 126.4 M
(2.46)
1.31% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  18,941  in Exmo Ethereum USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Exmo Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Binance Ethereum and Exmo Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Binance Ethereum and Exmo Ethereum

Binance Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Binance Ethereum USD and Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum USD and Binance 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 Binance Ethereum USD are associated (or correlated) with Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of Binance Ethereum i.e. Binance Ethereum and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
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