This module allows you to analyze existing cross correlation between Exmo Bitcoin USD and EXRATES Bitcoin USD. You can compare the effects of market volatilities on Exmo Bitcoin and EXRATES 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 EXRATES Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Bitcoin and EXRATES 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.
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
Exmo Bitcoin and EXRATES Bitcoin Volatility Contrast
Exmo Bitcoin USD vs. EXRATES Bitcoin USD
If you would invest (100.00) in EXRATES Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 100.00 from holding EXRATES Bitcoin USD or generate -100.0% return on investment over 30 days.
Pair Corralation between Exmo Bitcoin and EXRATES Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Bitcoin and EXRATES Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Bitcoin USD and EXRATES Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES 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 EXRATES Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Bitcoin USD has no effect on the direction of Exmo Bitcoin i.e. Exmo Bitcoin and EXRATES Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.