This module allows you to analyze existing cross correlation between SingularityX Bitcoin USD and Bitforex Bitcoin USD. You can compare the effects of market volatilities on SingularityX Bitcoin and Bitforex Bitcoin 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 SingularityX Bitcoin with a short position of Bitforex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of SingularityX Bitcoin and Bitforex Bitcoin.
|Horizon||30 Days Login to change|
|SingularityX Bitcoin USD|
Over the last 30 days SingularityX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Bitforex Bitcoin USD|
Over the last 30 days Bitforex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
SingularityX Bitcoin and Bitforex Bitcoin Volatility Contrast
SingularityX Bitcoin USD vs. Bitforex Bitcoin USD
If you would invest (100.00) in Bitforex Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 100.00 from holding Bitforex Bitcoin USD or generate -100.0% return on investment over 30 days.
Pair Corralation between SingularityX Bitcoin and Bitforex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for SingularityX Bitcoin and Bitforex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding SingularityX Bitcoin USD and Bitforex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitforex Bitcoin USD and SingularityX Bitcoin 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 SingularityX Bitcoin USD are associated (or correlated) with Bitforex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitforex Bitcoin USD has no effect on the direction of SingularityX Bitcoin i.e. SingularityX Bitcoin and Bitforex Bitcoin go up and down completely randomly.
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