This module allows you to analyze existing cross correlation between DSX Ethereum USD and OKCoin Ethereum USD. You can compare the effects of market volatilities on DSX Ethereum and OKCoin 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 OKCoin Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of DSX Ethereum and OKCoin Ethereum.
|Horizon||30 Days Login to change|
|DSX Ethereum USD|
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.
|OKCoin Ethereum USD|
Over the last 30 days OKCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
DSX Ethereum and OKCoin Ethereum Volatility Contrast
DSX Ethereum USD vs. OKCoin Ethereum USD
If you would invest 0.00 in OKCoin Ethereum USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding OKCoin Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between DSX Ethereum and OKCoin Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for DSX Ethereum and OKCoin Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding DSX Ethereum USD and OKCoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin 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 OKCoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Ethereum USD has no effect on the direction of DSX Ethereum i.e. DSX Ethereum and OKCoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.