Correlation Analysis Between Ethfinex Ethereum and Binance Ethereum

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

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.
Binance Ethereum USD  
00

Risk-Adjusted Performance

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

Ethfinex Ethereum and Binance Ethereum Volatility Contrast

Ethfinex Ethereum USD  vs.  Binance Ethereum USD

Ethfinex

Ethereum on Ethfinex in USD

 209.77 
0.00  0.00%
Market Cap: 1.3 B
  

Binance

Ethereum on Binance in USD

 197.02 
0.00  0.00%
Market Cap: 626.4 K
 12.75 
6.08% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,702  in Binance Ethereum USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding Binance Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Ethfinex Ethereum and Binance Ethereum

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

Diversification Opportunities for Ethfinex Ethereum and Binance Ethereum

Ethfinex Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Ethfinex Ethereum USD and Binance Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance Ethereum USD and Ethfinex 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 Ethfinex Ethereum USD are associated (or correlated) with Binance Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance Ethereum USD has no effect on the direction of Ethfinex Ethereum i.e. Ethfinex Ethereum and Binance Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.


 
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