Correlation Analysis Between itBit Ethereum and BCEX Ethereum

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

itBit Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days itBit Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, itBit Ethereum is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
BCEX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.

itBit Ethereum and BCEX Ethereum Volatility Contrast

itBit Ethereum USD  vs.  BCEX Ethereum USD

itBit

Ethereum on itBit in USD

 211.80 
0.00  0.00%
Market Cap: 138.1 M
  

BCEX

Ethereum on BCEX in USD

 803.23 
0.00  0.00%
Market Cap: 55.2 M
(591.43)
279.24% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  80,323  in BCEX Ethereum USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding BCEX Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between itBit Ethereum and BCEX Ethereum

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

Diversification Opportunities for itBit Ethereum and BCEX Ethereum

itBit Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding itBit Ethereum USD and BCEX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BCEX Ethereum USD and itBit 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 itBit Ethereum USD are associated (or correlated) with BCEX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCEX Ethereum USD has no effect on the direction of itBit Ethereum i.e. itBit Ethereum and BCEX Ethereum 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..


 
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