This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and Cexio 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 Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Exmo Ethereum
and Cexio Ethereum
Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Exmo Ethereum and Cexio Ethereum Volatility Contrast
Exmo Ethereum USD vs. Cexio Ethereum USD
If you would invest 9,172 in Exmo Ethereum USD on November 13, 2018 and sell it today you would earn a total of 0.00 from holding Exmo Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and Cexio Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Exmo Ethereum and Cexio Ethereum
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio 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 Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Cexio Ethereum go up and down completely randomly.