Correlation Analysis Between Bitfinex Verge and P2PB2B Bancor

This module allows you to analyze existing cross correlation between Bitfinex Verge USD and P2PB2B Bancor Network Token USD. You can compare the effects of market volatilities on Bitfinex Verge and P2PB2B Bancor 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 Verge with a short position of P2PB2B Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Verge and P2PB2B Bancor.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Bitfinex Verge USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Verge USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Verge is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
P2PB2B Bancor Network  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bancor is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Bitfinex Verge and P2PB2B Bancor Volatility Contrast

Bitfinex Verge USD  vs.  P2PB2B Bancor Network Token US

Bitfinex

Verge on Bitfinex in USD

 0.004202 
0.00  0.00%
Market Cap: 26.0
  

P2PB2B

Bancor Network Token on P2PB2B in USD

 0.38 
0.00  0.00%
Market Cap: 26.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  38.01  in P2PB2B Bancor Network Token USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding P2PB2B Bancor Network Token USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitfinex Verge and P2PB2B Bancor

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

Diversification Opportunities for Bitfinex Verge and P2PB2B Bancor

Bitfinex Verge USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Verge USD and P2PB2B Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Bancor Network and Bitfinex Verge 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 Verge USD are associated (or correlated) with P2PB2B Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Bancor Network has no effect on the direction of Bitfinex Verge i.e. Bitfinex Verge and P2PB2B Bancor go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..


 
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