This module allows you to analyze existing cross correlation between Exmo Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on Exmo Bitcoin and Bitstamp Bitcoin 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 Exmo Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Bitcoin and Bitstamp Bitcoin.
|Horizon||30 Days Login to change|
|Exmo Bitcoin USD|
Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Bitcoin is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
|Bitstamp Bitcoin USD|
Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
Exmo Bitcoin and Bitstamp Bitcoin Volatility Contrast
Exmo Bitcoin USD vs. Bitstamp Bitcoin USD
If you would invest 1,022,108 in Bitstamp Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding Bitstamp Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Exmo Bitcoin and Bitstamp Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Bitcoin and Bitstamp Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and Exmo Bitcoin 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 Exmo Bitcoin USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Exmo Bitcoin i.e. Exmo Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.