Correlation Analysis Between Coinroom Ethereum and HitBTC Ethereum

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

Coinroom Ethereum USD  vs.  HitBTC Ethereum USD

Coinroom

Ethereum on Coinroom in USD

 84.59 
(7.95)  8.59%
Market Cap: 1.3 M
  

HitBTC

Ethereum on HitBTC in USD

 89.10 
0.00  0.00%
Market Cap: 23.4 K
(4.51)
5.33% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  8,910  in HitBTC Ethereum USD on November 13, 2018 and sell it today you would earn a total of  0.00  from holding HitBTC Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Coinroom Ethereum and HitBTC Ethereum

0.78
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Coinroom Ethereum USD diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Coinroom Ethereum USD and HitBTC Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Ethereum USD and Coinroom 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 Coinroom Ethereum USD are associated (or correlated) with HitBTC Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Ethereum USD has no effect on the direction of Coinroom Ethereum i.e. Coinroom Ethereum and HitBTC Ethereum go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Coinroom Ethereum USD  
0

Risk-Adjusted Performance

Over the last 30 days Coinroom Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
HitBTC Ethereum USD  
0

Risk-Adjusted Performance

Over the last 30 days HitBTC Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1063.84

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.


 
Search macroaxis.com