This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Liquid Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and Liquid 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 Liquid Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and Liquid Ethereum.
|Horizon||30 Days Login to change|
|Exmo Ethereum USD|
Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in September 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.
|Liquid Ethereum USD|
Over the last 30 days Liquid 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 basic indicators remain somewhat 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.
Exmo Ethereum and Liquid Ethereum Volatility Contrast
Predicted Return Density
Exmo Ethereum USD vs. Liquid Ethereum USD
Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 0.97 times more return on investment than Liquid Ethereum. However, Exmo Ethereum USD is 1.03 times less risky than Liquid Ethereum. It trades about -0.13 of its potential returns per unit of risk. Liquid Ethereum USD is currently generating about -0.14 per unit of risk. If you would invest 28,900 in Exmo Ethereum USD on July 20, 2019 and sell it today you would lose (9,021) from holding Exmo Ethereum USD or give up 31.21% of portfolio value over 30 days.
Pair Corralation between Exmo Ethereum and Liquid Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Exmo Ethereum and Liquid Ethereum
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Liquid Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Liquid Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.