This module allows you to analyze existing cross correlation between coinfield DigiByte USD and P2PB2B Bancor Network Token USD. You can compare the effects of market volatilities on coinfield DigiByte 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 coinfield DigiByte with a short position of P2PB2B Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of coinfield DigiByte and P2PB2B Bancor.
|Horizon||30 Days Login to change|
|coinfield DigiByte USD|
Over the last 30 days coinfield DigiByte USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, coinfield DigiByte is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|P2PB2B Bancor Network|
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.
coinfield DigiByte and P2PB2B Bancor Volatility Contrast
coinfield DigiByte USD vs. P2PB2B Bancor Network Token US
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 coinfield DigiByte and P2PB2B Bancor
|Time Period||3 Months [change]|
Diversification Opportunities for coinfield DigiByte and P2PB2B Bancor
Overlapping area represents the amount of risk that can be diversified away by holding coinfield DigiByte 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 coinfield DigiByte 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 DigiByte 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 coinfield DigiByte i.e. coinfield DigiByte and P2PB2B Bancor go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.