Correlation Analysis Between coinfield Bitcoin and primexbt Bitcoin

This module allows you to analyze existing cross correlation between coinfield Bitcoin USD and primexbt Bitcoin USD. You can compare the effects of market volatilities on coinfield Bitcoin and primexbt 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 primexbt Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of coinfield Bitcoin and primexbt 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.
primexbt Bitcoin USD  
00

Risk-Adjusted Performance

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

coinfield Bitcoin and primexbt Bitcoin Volatility Contrast

coinfield Bitcoin USD  vs.  primexbt Bitcoin USD

coinfield

Bitcoin on coinfield in USD

 10,210 
0.00  0.00%
Market Cap: 2.1 M
  

primexbt

Bitcoin on primexbt in USD

 10,260 
0.00  0.00%
Market Cap: 27.1 B
(50.48)
0.49% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,026,000  in primexbt Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding primexbt Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between coinfield Bitcoin and primexbt Bitcoin

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

Diversification Opportunities for coinfield Bitcoin and primexbt 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 primexbt Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Bitcoin USD has no effect on the direction of coinfield Bitcoin i.e. coinfield Bitcoin and primexbt Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.


 
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