This module allows you to analyze existing cross correlation between ExtStock Ethereum USD and DSX Ethereum USD. You can compare the effects of market volatilities on ExtStock Ethereum and DSX 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 ExtStock Ethereum with a short position of DSX Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of ExtStock Ethereum and DSX Ethereum.
|Horizon||30 Days Login to change|
|ExtStock Ethereum USD|
Over the last 30 days ExtStock 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.
|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.
ExtStock Ethereum and DSX Ethereum Volatility Contrast
Predicted Return Density
ExtStock Ethereum USD vs. DSX Ethereum USD
Assuming 30 trading days horizon, ExtStock Ethereum USD is expected to under-perform the DSX Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, ExtStock Ethereum USD is 1.03 times less risky than DSX Ethereum. The crypto trades about -0.18 of its potential returns per unit of risk. The DSX Ethereum USD is currently generating about -0.17 of returns per unit of risk over similar time horizon. If you would invest 30,710 in DSX Ethereum USD on July 22, 2019 and sell it today you would lose (12,049) from holding DSX Ethereum USD or give up 39.23% of portfolio value over 30 days.
Pair Corralation between ExtStock Ethereum and DSX Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for ExtStock Ethereum and DSX Ethereum
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding ExtStock Ethereum USD and DSX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on DSX Ethereum USD and ExtStock 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 ExtStock Ethereum USD are associated (or correlated) with DSX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of DSX Ethereum USD has no effect on the direction of ExtStock Ethereum i.e. ExtStock Ethereum and DSX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.