Correlation Analysis Between Bitfinex Recovery and Exmo Ethereum

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

Comparative Performance

Bitfinex Recovery Right  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Recovery 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 weak performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.

Bitfinex Recovery and Exmo Ethereum Volatility Contrast

Bitfinex Recovery Right Tokens  vs.  Exmo Ethereum USD

Bitfinex

Recovery Right Tokens on Bitfinex in USD

 0.03767 
0.00  0.00%
Market Cap: 224
  

Exmo

Ethereum on Exmo in USD

 191.84 
(3.94)  2.01%
Market Cap: 126.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3.77  in Bitfinex Recovery Right Tokens USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Recovery Right Tokens USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitfinex Recovery and Exmo Ethereum

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

Diversification Opportunities for Bitfinex Recovery and Exmo Ethereum

Bitfinex Recovery Right Tokens diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Recovery Right Tokens 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 Bitfinex Recovery 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 Recovery Right Tokens 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 Bitfinex Recovery i.e. Bitfinex Recovery and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.


 
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