Correlation Analysis Between coinfield Bitcoin and Exmo Bitcoin

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

Comparative Performance

coinfield Bitcoin USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Bitcoin unveiled solid returns over the last few months and may actually be approaching a breakup point.

coinfield Bitcoin and Exmo Bitcoin Volatility Contrast

coinfield Bitcoin USD  vs.  Exmo Bitcoin USD

coinfield

Bitcoin on coinfield in USD

 10,239 
0.00  0.00%
Market Cap: 2.1 M
  

Exmo

Bitcoin on Exmo in USD

 10,380 
57.50  0.56%
Market Cap: 42 B
(141.26)
1.38% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,032,300  in Exmo Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  5,754  from holding Exmo Bitcoin USD or generate 0.56% return on investment over 30 days.

Pair Corralation between coinfield Bitcoin and Exmo Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for coinfield Bitcoin and Exmo Bitcoin

coinfield Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding coinfield Bitcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Bitcoin USD and coinfield Bitcoin 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 coinfield Bitcoin USD are associated (or correlated) with Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of coinfield Bitcoin i.e. coinfield Bitcoin and Exmo Bitcoin go up and down completely randomly.
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