This module allows you to analyze existing cross correlation between Bitforex Ethereum USD and DSX Ethereum USD. You can compare the effects of market volatilities on Bitforex Ethereum and DSX 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 Bitforex Ethereum with a short position of DSX Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitforex Ethereum and DSX Ethereum.
|Horizon||30 Days Login to change|
|Bitforex Ethereum USD|
Over the last 30 days Bitforex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|DSX Ethereum USD|
Over the last 30 days DSX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, DSX Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
Bitforex Ethereum and DSX Ethereum Volatility Contrast
Bitforex Ethereum USD vs. DSX Ethereum USD
If you would invest 19,000 in DSX Ethereum USD on August 17, 2019 and sell it today you would earn a total of 36.00 from holding DSX Ethereum USD or generate 0.19% return on investment over 30 days.
Pair Corralation between Bitforex Ethereum and DSX Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Bitforex Ethereum and DSX Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Bitforex Ethereum USD and DSX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DSX Ethereum USD and Bitforex 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 Bitforex Ethereum USD are associated (or correlated) with DSX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DSX Ethereum USD has no effect on the direction of Bitforex Ethereum i.e. Bitforex Ethereum and DSX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.