This module allows you to analyze existing cross correlation between DSX Ethereum USD and BitTrex Ethereum USD. You can compare the effects of market volatilities on DSX 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 DSX Ethereum with a short position of BitTrex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of DSX Ethereum and BitTrex Ethereum.
|Horizon||30 Days Login to change|
|DSX Ethereum USD|
Over the last 30 days DSX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in September 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
|BitTrex Ethereum USD|
Over the last 30 days BitTrex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite weak performance in the last few months, the Crypto's basic indicators remain fairly strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
DSX Ethereum and BitTrex Ethereum Volatility Contrast
Predicted Return Density
DSX Ethereum USD vs. BitTrex Ethereum USD
Assuming 30 trading days horizon, DSX Ethereum USD is expected to generate 0.94 times more return on investment than BitTrex Ethereum. However, DSX Ethereum USD is 1.06 times less risky than BitTrex Ethereum. It trades about -0.17 of its potential returns per unit of risk. BitTrex Ethereum USD is currently generating about -0.17 per unit of risk. If you would invest 30,710 in DSX Ethereum USD on July 22, 2019 and sell it today you would lose (12,501) from holding DSX Ethereum USD or give up 40.71% of portfolio value over 30 days.
Pair Corralation between DSX Ethereum and BitTrex Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for DSX Ethereum and BitTrex Ethereum
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding DSX 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 DSX 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 DSX 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 DSX Ethereum i.e. DSX Ethereum and BitTrex Ethereum go up and down completely randomly.
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