This module allows you to analyze existing cross correlation between EXRATES Ethereum USD and Liquid Ethereum USD. You can compare the effects of market volatilities on EXRATES Ethereum and Liquid 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 EXRATES Ethereum with a short position of Liquid Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Ethereum and Liquid Ethereum.
|Horizon||30 Days Login to change|
|EXRATES Ethereum USD|
Over the last 30 days EXRATES Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of weak performance in the last few months, the Crypto's forward-looking signals remain relatively invariable which may send shares a bit higher in October 2019. The latest agitation may also be a sign of long running up-swing for the entity management.
|Liquid Ethereum USD|
Over the last 30 days Liquid Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
EXRATES Ethereum and Liquid Ethereum Volatility Contrast
EXRATES Ethereum USD vs. Liquid Ethereum USD
Assuming 30 trading days horizon, EXRATES Ethereum USD is expected to generate 0.87 times more return on investment than Liquid Ethereum. However, EXRATES Ethereum USD is 1.16 times less risky than Liquid Ethereum. It trades about -0.71 of its potential returns per unit of risk. Liquid Ethereum USD is currently generating about -0.71 per unit of risk. If you would invest 19,425 in EXRATES Ethereum USD on August 17, 2019 and sell it today you would lose (434.90) from holding EXRATES Ethereum USD or give up 2.24% of portfolio value over 30 days.
Pair Corralation between EXRATES Ethereum and Liquid Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Ethereum and Liquid Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Ethereum USD and Liquid Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid Ethereum USD and EXRATES 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 EXRATES Ethereum USD are associated (or correlated) with Liquid Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Ethereum USD has no effect on the direction of EXRATES Ethereum i.e. EXRATES Ethereum and Liquid Ethereum go up and down completely randomly.
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