Correlation Analysis Between HuobiPro Ethereum and Coinbase Ethereum

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

Comparative Performance

HuobiPro Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days HuobiPro Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, HuobiPro Ethereum is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
Coinbase Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinbase Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of weak performance in the last few months, the Crypto's forward-looking signals remain relatively invariable which may send shares a bit higher in September 2019. The latest agitation may also be a sign of long running up-swing for the entity management.

HuobiPro Ethereum and Coinbase Ethereum Volatility Contrast

HuobiPro Ethereum USD  vs.  Coinbase Ethereum USD

HuobiPro

Ethereum on HuobiPro in USD

 199.16 
0.00  0.00%
Market Cap: 1.2 M
  

Coinbase

Ethereum on Coinbase in USD

 192.28 
6.56  3.53%
Market Cap: 2.1 B
 6.88 
3.45% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,916  in HuobiPro Ethereum USD on July 23, 2019 and sell it today you would earn a total of  0.00  from holding HuobiPro Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between HuobiPro Ethereum and Coinbase Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification Opportunities for HuobiPro Ethereum and Coinbase Ethereum

HuobiPro Ethereum USD diversification synergy

Pay attention

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