Correlation Analysis Between Gemini Bitcoin and SingularityX Ethereum

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

Gemini Bitcoin USD  
00

Risk-Adjusted Performance

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.
SingularityX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days SingularityX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Gemini Bitcoin and SingularityX Ethereum Volatility Contrast

Gemini Bitcoin USD  vs.  SingularityX Ethereum USD

Gemini

Bitcoin on Gemini in USD

 10,194 
0.00  0.00%
Market Cap: 342.7 B
  

SingularityX

Ethereum on SingularityX in USD

 211.83 
0.00  0.00%
Market Cap: 15.7 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,183  in SingularityX Ethereum USD on August 19, 2019 and sell it today you would earn a total of  0.00  from holding SingularityX Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Gemini Bitcoin and SingularityX Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Gemini Bitcoin and SingularityX Ethereum

Gemini Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and SingularityX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SingularityX 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 SingularityX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SingularityX Ethereum USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and SingularityX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.


 
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