This module allows you to analyze existing cross correlation between Ethfinex Ethereum USD and Exmo Ethereum USD. You can compare the effects of market volatilities on Ethfinex 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 Ethfinex Ethereum with a short position of Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Ethfinex Ethereum and Exmo Ethereum.
|Horizon||30 Days Login to change|
|Ethfinex Ethereum USD|
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.
|Exmo Ethereum USD|
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 unchanging essential indicators, Exmo Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.
Ethfinex Ethereum and Exmo Ethereum Volatility Contrast
Ethfinex Ethereum USD vs. Exmo Ethereum USD
If you would invest 18,941 in Exmo Ethereum USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding Exmo Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Ethfinex Ethereum and Exmo Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Ethfinex Ethereum and Exmo Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Ethfinex 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 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 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 Ethfinex Ethereum i.e. Ethfinex Ethereum and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.