Correlation Analysis Between Bitstamp Ethereum and Binanceus Ethereum

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

Comparative Performance

Bitstamp Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Ethereum is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.
binanceus Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days binanceus Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binanceus Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Bitstamp Ethereum and Binanceus Ethereum Volatility Contrast

Bitstamp Ethereum USD  vs.  binanceus Ethereum USD

Bitstamp

Ethereum on Bitstamp in USD

 145.60 
0.00   0.00 
Market Cap: 453.8 M
  

binanceus

Ethereum on binanceus in USD

 145.37 
0.00   0.00 
Market Cap: 626.4 K
 0.23 
0.16  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  14,537  in binanceus Ethereum USD on November 11, 2019 and sell it today you would earn a total of  0.00  from holding binanceus Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitstamp Ethereum and Binanceus Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Ethereum and Binanceus Ethereum

Bitstamp Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Ethereum USD and binanceus Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on binanceus Ethereum USD and Bitstamp 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 Bitstamp Ethereum USD are associated (or correlated) with Binanceus Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of binanceus Ethereum USD has no effect on the direction of Bitstamp Ethereum i.e. Bitstamp Ethereum and Binanceus Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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