- Companies in United States
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This module allows you to analyze existing cross correlation between Coinbase Ethereum USD and BitTrex Ethereum USD. You can compare the effects of market volatilities on Coinbase Ethereum and BitTrex 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 Coinbase Ethereum with a short position of BitTrex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Ethereum and BitTrex Ethereum.
|Horizon||30 Days Login to change|
|Coinbase Ethereum USD|
Coinbase Ethereum and BitTrex Ethereum Volatility Contrast
Predicted Return Density
Coinbase Ethereum USD vs. BitTrex Ethereum USD
Assuming 30 trading days horizon, Coinbase Ethereum USD is expected to under-perform the BitTrex Ethereum. In addition to that, Coinbase Ethereum is 1.09 times more volatile than BitTrex Ethereum USD. It trades about -0.31 of its total potential returns per unit of risk. BitTrex Ethereum USD is currently generating about -0.33 per unit of volatility. If you would invest 20,390 in BitTrex Ethereum USD on November 13, 2018 and sell it today you would lose (11,573) from holding BitTrex Ethereum USD or give up 56.76% of portfolio value over 30 days.
Pair Corralation between Coinbase Ethereum and BitTrex Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Coinbase Ethereum and BitTrex Ethereum
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Ethereum USD and BitTrex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum USD and Coinbase 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 Coinbase Ethereum USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum USD has no effect on the direction of Coinbase Ethereum i.e. Coinbase Ethereum and BitTrex Ethereum go up and down completely randomly.