Correlation Analysis Between Liquid Ethereum and Bitfinex Ethereum

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

Liquid Ethereum USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

Liquid Ethereum and Bitfinex Ethereum Volatility Contrast

Liquid Ethereum USD  vs.  Bitfinex Ethereum USD

Liquid

Ethereum on Liquid in USD

 191.09 
(2.94)  1.52%
Market Cap: 60 M
  

Bitfinex

Ethereum on Bitfinex in USD

 191.34 
(3.08)  1.58%
Market Cap: 1.9 B
(0.25)
0.13% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,442  in Bitfinex Ethereum USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Liquid Ethereum and Bitfinex Ethereum

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

Diversification Opportunities for Liquid Ethereum and Bitfinex Ethereum

Liquid Ethereum USD diversification synergy

Pay attention

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