Correlation Analysis Between Bitfinex Ethereum and HuobiPro Ethereum

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

Comparative Performance

Bitfinex Ethereum USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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.

Bitfinex Ethereum and HuobiPro Ethereum Volatility Contrast

Bitfinex Ethereum USD  vs.  HuobiPro Ethereum USD

Bitfinex

Ethereum on Bitfinex in USD

 189.43 
0.00  0.00%
Market Cap: 1.9 B
  

HuobiPro

Ethereum on HuobiPro in USD

 188.25 
0.00  0.00%
Market Cap: 5.2 M
 1.18 
0.62% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  18,825  in HuobiPro Ethereum USD on August 16, 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 Bitfinex Ethereum and HuobiPro Ethereum

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

Diversification Opportunities for Bitfinex Ethereum and HuobiPro Ethereum

Bitfinex Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex 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 Bitfinex 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 Bitfinex 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 Bitfinex Ethereum i.e. Bitfinex Ethereum and HuobiPro Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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