Correlation Analysis Between DSX Ethereum and Exmo Ethereum

This module allows you to analyze existing cross correlation between DSX Ethereum USD and Exmo Ethereum USD. You can compare the effects of market volatilities on DSX Ethereum and Exmo 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 Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of DSX Ethereum and Exmo 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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.

DSX Ethereum and Exmo Ethereum Volatility Contrast

DSX Ethereum USD  vs.  Exmo Ethereum USD

DSX

Ethereum on DSX in USD

 207.00 
0.00  0.00%
Market Cap: 11.4 K
  

Exmo

Ethereum on Exmo in USD

 214.50 
14.79  7.41%
Market Cap: 126.4 M
(7.50)
3.62% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,971  in Exmo Ethereum USD on August 18, 2019 and sell it today you would earn a total of  1,129  from holding Exmo Ethereum USD or generate 5.65% return on investment over 30 days.

Pair Corralation between DSX Ethereum and Exmo Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for DSX Ethereum and Exmo 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 Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo 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 Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of DSX Ethereum i.e. DSX Ethereum and Exmo Ethereum go up and down completely randomly.
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