This module allows you to analyze existing cross correlation between EXRATES Bitcoin USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on EXRATES Bitcoin and OKCoin 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 OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Bitcoin and OKCoin 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.
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
EXRATES Bitcoin and OKCoin Bitcoin Volatility Contrast
EXRATES Bitcoin USD vs. OKCoin Bitcoin USD
If you would invest 1,030,301 in OKCoin Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding OKCoin Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Bitcoin and OKCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Bitcoin and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Bitcoin USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin 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 OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of EXRATES Bitcoin i.e. EXRATES Bitcoin and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..