This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Bitfinex Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and Bitfinex 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 Exmo Ethereum with a short position of Bitfinex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and Bitfinex Ethereum.
|Horizon||30 Days Login to change|
|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.
|Bitfinex Ethereum USD|
Over the last 30 days Bitfinex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
Exmo Ethereum and Bitfinex Ethereum Volatility Contrast
Exmo Ethereum USD vs. Bitfinex Ethereum USD
If you would invest (100.00) in Bitfinex Ethereum USD on August 16, 2019 and sell it today you would earn a total of 100.00 from holding Bitfinex Ethereum USD or generate -100.0% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and Bitfinex Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and Bitfinex Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Bitfinex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Ethereum USD and Exmo 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 Exmo Ethereum USD are associated (or correlated) with Bitfinex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Bitfinex Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.