BitTrex Ethereum Classic USD vs. Coinbase Bitcoin USD
Assuming 30 trading days horizon, BitTrex Ethereum Classic USD is expected to generate 2.22 times more return on investment than Coinbase Bitcoin. However, BitTrex Ethereum is 2.22 times more volatile than Coinbase Bitcoin USD. It trades about -0.01 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.19 per unit of risk. If you would invest 1,655 in BitTrex Ethereum Classic USD on May 21, 2018 and sell it today you would lose (144.00) from holding BitTrex Ethereum Classic USD or give up 8.7% of portfolio value over 30 days.
Pair Corralation between BitTrex Ethereum and Coinbase Bitcoin
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Ethereum Classic USD and Coinbase Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase Bitcoin USD and BitTrex 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 BitTrex Ethereum Classic USD are associated (or correlated) with Coinbase Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Bitcoin USD has no effect on the direction of BitTrex Ethereum i.e. BitTrex Ethereum and Coinbase Bitcoin go up and down completely randomly.
Over the last 30 days BitTrex Ethereum Classic USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Coinbase Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
Alphabet cannot be verified against its exchange. It appears that Alphabet is not available for investing at this time. Please verify the symbol is currently traded on NASDAQ. If you still believe the symbol you are trying to look up is valid please let us know
and we will check it as soon as possible.
Try Other Suggestions
|GTVJX||Goldman Sachs Target Date 2030||Fund|
|GTVMX||Goldman Sachs Target Date 2040||Fund|
|GTVOX||Goldman Sachs Target Date 2035||Fund|
|GTVSX||Goldman Sachs Target Date 2050||Fund|
|FPPXX||Government Obligations Fund Cl||Fund|
|ELKMF||Gold Road Resources Limited||Stock|
|GCGAX||Goldman Sachs Concentrated Gro||Fund|