This module allows you to analyze existing cross correlation between Cexio Ethereum USD and Bitfinex Recovery Right Tokens USD. You can compare the effects of market volatilities on Cexio Ethereum and Bitfinex Recovery 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 Cexio Ethereum with a short position of Bitfinex Recovery. See also your portfolio center
. Please also check ongoing floating volatility patterns of Cexio Ethereum
and Bitfinex Recovery
Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Cexio Ethereum and Bitfinex Recovery Volatility Contrast
Cexio Ethereum USD vs. Bitfinex Recovery Right Tokens
Assuming 30 trading days horizon, Cexio Ethereum USD is expected to under-perform the Bitfinex Recovery. In addition to that, Cexio Ethereum is 1.34 times more volatile than Bitfinex Recovery Right Tokens USD. It trades about -0.38 of its total potential returns per unit of risk. Bitfinex Recovery Right Tokens USD is currently generating about 0.01 per unit of volatility. If you would invest 3.62 in Bitfinex Recovery Right Tokens USD on November 15, 2018 and sell it today you would lose (0.04) from holding Bitfinex Recovery Right Tokens USD or give up 1.19% of portfolio value over 30 days.
Pair Corralation between Cexio Ethereum and Bitfinex Recovery
|Time Period||2 Months [change]|
Diversification Opportunities for Cexio Ethereum and Bitfinex Recovery
Overlapping area represents the amount of risk that can be diversified away by holding Cexio Ethereum USD and Bitfinex Recovery Right Tokens in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Recovery Right and Cexio 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 Cexio Ethereum USD are associated (or correlated) with Bitfinex Recovery. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Recovery Right has no effect on the direction of Cexio Ethereum i.e. Cexio Ethereum and Bitfinex Recovery go up and down completely randomly.
See also your portfolio center
. Please also try My Watchlist Analysis
module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.