This module allows you to analyze existing cross correlation between SingularityX Bitcoin USD and EXRATES Bitcoin USD. You can compare the effects of market volatilities on SingularityX Bitcoin and EXRATES 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 EXRATES Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of SingularityX Bitcoin and EXRATES 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 current stock price disturbance, may contribute to short term losses for the investors.
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
SingularityX Bitcoin and EXRATES Bitcoin Volatility Contrast
SingularityX Bitcoin USD vs. EXRATES Bitcoin USD
If you would invest 1,034,065 in EXRATES Bitcoin USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding EXRATES Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between SingularityX Bitcoin and EXRATES Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for SingularityX Bitcoin and EXRATES Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding SingularityX Bitcoin USD and EXRATES Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES 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 EXRATES Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Bitcoin USD has no effect on the direction of SingularityX Bitcoin i.e. SingularityX Bitcoin and EXRATES Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.