Correlation Analysis Between Binance Ethereum and SingularityX Ethereum

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

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.
SingularityX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days SingularityX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Binance Ethereum and SingularityX Ethereum Volatility Contrast

Binance Ethereum USD  vs.  SingularityX Ethereum USD

Binance

Ethereum on Binance in USD

 0.00 
0.00  0.00%
Market Cap: 626.4 K
  

SingularityX

Ethereum on SingularityX in USD

 0.00 
0.00  0.00%
Market Cap: 15.7 M
 0.00 
?% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in SingularityX Ethereum USD on August 17, 2019 and sell it today you would earn a total of  100.00  from holding SingularityX Ethereum USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Binance Ethereum and SingularityX Ethereum

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

Diversification Opportunities for Binance Ethereum and SingularityX 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 SingularityX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SingularityX 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 SingularityX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SingularityX Ethereum USD has no effect on the direction of Binance Ethereum i.e. Binance Ethereum and SingularityX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.


 
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