Correlation Analysis Between ExtStock Ethereum and Bitstamp Ethereum

This module allows you to analyze existing cross correlation between ExtStock Ethereum USD and Bitstamp Ethereum USD. You can compare the effects of market volatilities on ExtStock Ethereum and Bitstamp 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 ExtStock Ethereum with a short position of Bitstamp Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of ExtStock Ethereum and Bitstamp Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

ExtStock Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days ExtStock Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ExtStock Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Bitstamp Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Ethereum is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

ExtStock Ethereum and Bitstamp Ethereum Volatility Contrast

ExtStock Ethereum USD  vs.  Bitstamp Ethereum USD

ExtStock

Ethereum on ExtStock in USD

 186.95 
0.00  0.00%
Market Cap: 390.7 M
  

Bitstamp

Ethereum on Bitstamp in USD

 189.39 
0.00  0.00%
Market Cap: 453.8 M
(2.44)
1.31% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  18,939  in Bitstamp Ethereum USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Bitstamp Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between ExtStock Ethereum and Bitstamp Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for ExtStock Ethereum and Bitstamp Ethereum

ExtStock Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding ExtStock Ethereum USD and Bitstamp Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Ethereum USD and ExtStock 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 ExtStock Ethereum USD are associated (or correlated) with Bitstamp Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Ethereum USD has no effect on the direction of ExtStock Ethereum i.e. ExtStock Ethereum and Bitstamp Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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