This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Coinsbit Ethereum USD. You can compare the effects of market volatilities on Exmo 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 Exmo Ethereum with a short position of Coinsbit Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and Coinsbit 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 fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.
|Coinsbit Ethereum USD|
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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Ethereum and Coinsbit Ethereum Volatility Contrast
Exmo Ethereum USD vs. Coinsbit Ethereum USD
If you would invest 19,971 in Exmo Ethereum USD on August 18, 2019 and sell it today you would earn a total of 1,129 from holding Exmo Ethereum USD or generate 5.65% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and Coinsbit Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and Coinsbit Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Exmo 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 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 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 Exmo Ethereum i.e. Exmo Ethereum and Coinsbit Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.