Correlation Analysis Between Bitstamp Ethereum and HuobiPro Ethereum

This module allows you to analyze existing cross correlation between Bitstamp Ethereum USD and HuobiPro Ethereum USD. You can compare the effects of market volatilities on Bitstamp 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 Bitstamp Ethereum with a short position of HuobiPro Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Ethereum and HuobiPro 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 weak performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in September 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.
HuobiPro Ethereum USD  
00

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.

Bitstamp Ethereum and HuobiPro Ethereum Volatility Contrast

Bitstamp Ethereum USD  vs.  HuobiPro Ethereum USD

Bitstamp

Ethereum on Bitstamp in USD

 185.18 
(0.65)  0.35%
Market Cap: 45.6 M
  

HuobiPro

Ethereum on HuobiPro in USD

 184.72 
0.00  0.00%
Market Cap: 2 M
 0.46 
0.25% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  18,472  in HuobiPro Ethereum USD on July 19, 2019 and sell it today you would earn a total of  0.00  from holding HuobiPro Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitstamp Ethereum and HuobiPro Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.33%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Ethereum and HuobiPro 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 HuobiPro Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HuobiPro 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 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 Bitstamp Ethereum i.e. Bitstamp Ethereum and HuobiPro Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.


 
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