This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Exmo Ethereum USD. You can compare the effects of market volatilities on Gemini Bitcoin and Exmo 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 Gemini Bitcoin with a short position of Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Exmo Ethereum.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|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 comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.
Gemini Bitcoin and Exmo Ethereum Volatility Contrast
Gemini Bitcoin USD vs. Exmo Ethereum USD
If you would invest 19,971 in Exmo Ethereum USD on August 18, 2019 and sell it today you would earn a total of 437.00 from holding Exmo Ethereum USD or generate 2.19% return on investment over 30 days.
Pair Corralation between Gemini Bitcoin and Exmo Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Exmo Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum USD and Gemini Bitcoin 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 Gemini Bitcoin USD are associated (or correlated) with Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.