This module allows you to analyze existing cross correlation between SingularityX Bitcoin USD and Exmo Bitcoin USD. You can compare the effects of market volatilities on SingularityX Bitcoin and Exmo 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 Exmo Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of SingularityX Bitcoin and Exmo 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.
|Exmo Bitcoin USD|
Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Bitcoin is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
SingularityX Bitcoin and Exmo Bitcoin Volatility Contrast
SingularityX Bitcoin USD vs. Exmo Bitcoin USD
If you would invest 1,043,795 in Exmo Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding Exmo Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between SingularityX Bitcoin and Exmo Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for SingularityX Bitcoin and Exmo Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding SingularityX Bitcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo 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 Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of SingularityX Bitcoin i.e. SingularityX Bitcoin and Exmo Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.