Correlation Analysis Between Liquid Ethereum and Exmo Ethereum

This module allows you to analyze existing cross correlation between Liquid Ethereum USD and Exmo Ethereum USD. You can compare the effects of market volatilities on Liquid Ethereum and Exmo 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 Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Ethereum and Exmo 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 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.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.

Liquid Ethereum and Exmo Ethereum Volatility Contrast

Liquid Ethereum USD  vs.  Exmo Ethereum USD

Liquid

Ethereum on Liquid in USD

 189.01 
(5.02)  2.59%
Market Cap: 60 M
  

Exmo

Ethereum on Exmo in USD

 192.48 
(3.30)  1.69%
Market Cap: 126.4 M
(3.47)
1.84% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Liquid Ethereum USD is expected to under-perform the Exmo Ethereum. In addition to that, Liquid Ethereum is 1.29 times more volatile than Exmo Ethereum USD. It trades about -0.71 of its total potential returns per unit of risk. Exmo Ethereum USD is currently generating about -0.71 per unit of volatility. If you would invest  19,578  in Exmo Ethereum USD on August 17, 2019 and sell it today you would lose (394.00)  from holding Exmo Ethereum USD or give up 2.01% of portfolio value over 30 days.

Pair Corralation between Liquid Ethereum and Exmo Ethereum

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

Diversification Opportunities for Liquid Ethereum and Exmo 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 Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo 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 Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of Liquid Ethereum i.e. Liquid Ethereum and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.


 
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