Correlation Analysis Between Ethfinex Ethereum and Coinsbit Ethereum

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

Ethfinex Ethereum and Coinsbit Ethereum Volatility Contrast

Ethfinex Ethereum USD  vs.  Coinsbit Ethereum USD

Ethfinex

Ethereum on Ethfinex in USD

 214.31 
0.00  0.00%
Market Cap: 1.3 B
  

Coinsbit

Ethereum on Coinsbit in USD

 208.31 
0.00  0.00%
Market Cap: 282.6 M
 6.00 
2.80% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,831  in Coinsbit Ethereum USD on August 19, 2019 and sell it today you would earn a total of  0.00  from holding Coinsbit Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Ethfinex Ethereum and Coinsbit Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Ethfinex Ethereum and Coinsbit 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 Coinsbit Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinsbit 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 Coinsbit Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinsbit Ethereum USD has no effect on the direction of Ethfinex Ethereum i.e. Ethfinex Ethereum and Coinsbit Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.


 
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