This module allows you to analyze existing cross correlation between EXRATES Bitcoin USD and Bitforex Bitcoin USD. You can compare the effects of market volatilities on EXRATES Bitcoin and Bitforex 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 EXRATES Bitcoin with a short position of Bitforex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Bitcoin and Bitforex Bitcoin.
|Horizon||30 Days Login to change|
|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.
|Bitforex Bitcoin USD|
Over the last 30 days Bitforex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
EXRATES Bitcoin and Bitforex Bitcoin Volatility Contrast
EXRATES Bitcoin USD vs. Bitforex Bitcoin USD
If you would invest 1,021,748 in Bitforex Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding Bitforex Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Bitcoin and Bitforex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Bitcoin and Bitforex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Bitcoin USD and Bitforex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitforex Bitcoin USD and EXRATES 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 EXRATES Bitcoin USD are associated (or correlated) with Bitforex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitforex Bitcoin USD has no effect on the direction of EXRATES Bitcoin i.e. EXRATES Bitcoin and Bitforex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.