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|
|coinfield Bitcoin USD|
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|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for coinfield Bitcoin and Exmo Bitcoin
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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