Correlation Analysis Between bingcoins Ethereum and HuobiPro Ethereum

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

bingcoins Ethereum USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in bingcoins Ethereum USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, bingcoins Ethereum layed out solid returns over the last few months and may actually be approaching a breakup point.
HuobiPro Ethereum USD  

Risk-Adjusted Performance

Over the last 30 days HuobiPro Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, HuobiPro Ethereum is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

bingcoins Ethereum and HuobiPro Ethereum Volatility Contrast

bingcoins Ethereum USD  vs.  HuobiPro Ethereum USD


Ethereum on bingcoins in USD

11.27  5.63%
Market Cap: 18.8 M


Ethereum on HuobiPro in USD

0.00  0.00%
Market Cap: 1.2 M
5.83% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  0.00  in bingcoins Ethereum USD on July 21, 2019 and sell it today you would earn a total of  21,143  from holding bingcoins Ethereum USD or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between bingcoins Ethereum and HuobiPro Ethereum

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for bingcoins Ethereum and HuobiPro Ethereum

bingcoins Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding bingcoins Ethereum USD and HuobiPro Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HuobiPro Ethereum USD and bingcoins 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 bingcoins Ethereum USD are associated (or correlated) with HuobiPro Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HuobiPro Ethereum USD has no effect on the direction of bingcoins Ethereum i.e. bingcoins Ethereum and HuobiPro Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.