Correlation Analysis Between Coinsbit Ethereum and Ethfinex Ethereum

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

Coinsbit Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinsbit Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Coinsbit Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Ethfinex Ethereum USD  
00

Risk-Adjusted Performance

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

Coinsbit Ethereum and Ethfinex Ethereum Volatility Contrast

Coinsbit Ethereum USD  vs.  Ethfinex Ethereum USD

Coinsbit

Ethereum on Coinsbit in USD

 203.97 
0.00  0.00%
Market Cap: 282.6 M
  

Ethfinex

Ethereum on Ethfinex in USD

 212.70 
0.00  0.00%
Market Cap: 1.3 B
(8.73)
4.28% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,490  in Ethfinex Ethereum USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding Ethfinex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Coinsbit Ethereum and Ethfinex Ethereum

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

Diversification Opportunities for Coinsbit Ethereum and Ethfinex Ethereum

Coinsbit Ethereum USD diversification synergy

Pay attention

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