This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Bitstamp Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and Bitstamp 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 Exmo Ethereum with a short position of Bitstamp Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Exmo Ethereum
and Bitstamp Ethereum
Exmo Ethereum USD vs Bitstamp Ethereum USD
Assuming 30 trading days horizon, Exmo Ethereum is expected to generate 1.06 times less return on investment than Bitstamp Ethereum. In addition to that, Exmo Ethereum is 1.03 times more volatile than Bitstamp Ethereum USD. It trades about 0.34 of its total potential returns per unit of risk. Bitstamp Ethereum USD is currently generating about 0.37 per unit of volatility. If you would invest 30,760 in Bitstamp Ethereum USD on November 12, 2017 and sell it today you would earn a total of 20,740 from holding Bitstamp Ethereum USD or generate 67.43% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Bitstamp Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Ethereum USD and Exmo 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 Exmo Ethereum USD are associated (or correlated) with Bitstamp Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Bitstamp Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Ethereum USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Ethereum USD are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.