Correlation Analysis Between DSX Ethereum and Bitstamp Ethereum

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

DSX Ethereum USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in October 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.

DSX Ethereum and Bitstamp Ethereum Volatility Contrast

DSX Ethereum USD  vs.  Bitstamp Ethereum USD

DSX

Ethereum on DSX in USD

 190.36 
0.36  0.19%
Market Cap: 11.4 K
  

Bitstamp

Ethereum on Bitstamp in USD

 189.52 
(4.66)  2.40%
Market Cap: 453.8 M
 0.84 
0.44% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, DSX Ethereum USD is expected to generate 0.12 times more return on investment than Bitstamp Ethereum. However, DSX Ethereum USD is 8.56 times less risky than Bitstamp Ethereum. It trades about 0.71 of its potential returns per unit of risk. Bitstamp Ethereum USD is currently generating about -0.71 per unit of risk. If you would invest  19,000  in DSX Ethereum USD on August 17, 2019 and sell it today you would earn a total of  36.00  from holding DSX Ethereum USD or generate 0.19% return on investment over 30 days.

Pair Corralation between DSX Ethereum and Bitstamp Ethereum

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

Diversification Opportunities for DSX Ethereum and Bitstamp Ethereum

DSX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DSX Ethereum USD and Bitstamp Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Ethereum USD and DSX 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 DSX Ethereum USD are associated (or correlated) with Bitstamp Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Ethereum USD has no effect on the direction of DSX Ethereum i.e. DSX Ethereum and Bitstamp Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.


 
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