Correlation Analysis Between Exmo Ethereum and Quoine Ethereum

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

Exmo Ethereum USD  vs.  Quoine Ethereum USD

Exmo

Ethereum on Exmo in USD

 213.02 
1.32  0.62%
Market Cap: 26.5 M
  

Quoine

Ethereum on Quoine in USD

 0.00 
0.00  0.00%
Market Cap: 20.3 M
 213.02 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Quoine Ethereum USD on August 21, 2018 and sell it today you would earn a total of  0.00  from holding Quoine Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and Quoine Ethereum

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Exmo Ethereum USD  
0 

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

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