This module allows you to analyze existing cross correlation between Bitforex Ethereum USD and coinfield Ethereum USD. You can compare the effects of market volatilities on Bitforex Ethereum and coinfield 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 Bitforex Ethereum with a short position of coinfield Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitforex Ethereum and coinfield Ethereum.
|Horizon||30 Days Login to change|
|Bitforex Ethereum USD|
Over the last 30 days Bitforex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|coinfield Ethereum USD|
Over the last 30 days coinfield 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 fundamental drivers remain rather sound which may send shares a bit higher in September 2019. The ongoing tumult may also be a sign of longer-term up-swing for the entity shareholders.
Bitforex Ethereum and coinfield Ethereum Volatility Contrast
Bitforex Ethereum USD vs. coinfield Ethereum USD
If you would invest 19,923 in Bitforex Ethereum USD on July 21, 2019 and sell it today you would earn a total of 0.00 from holding Bitforex Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Bitforex Ethereum and coinfield Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Bitforex Ethereum and coinfield Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Bitforex Ethereum USD and coinfield Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield Ethereum USD and Bitforex 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 Bitforex Ethereum USD are associated (or correlated) with coinfield Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield Ethereum USD has no effect on the direction of Bitforex Ethereum i.e. Bitforex Ethereum and coinfield Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.