This module allows you to analyze existing cross correlation between HuobiPro Ethereum USD and IDEX Ethereum USD. You can compare the effects of market volatilities on HuobiPro Ethereum and IDEX 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 IDEX Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of HuobiPro Ethereum and IDEX Ethereum.
|Horizon||30 Days Login to change|
|HuobiPro Ethereum USD|
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.
|IDEX Ethereum USD|
Over the last 30 days IDEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, IDEX Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.
HuobiPro Ethereum and IDEX Ethereum Volatility Contrast
HuobiPro Ethereum USD vs. IDEX Ethereum USD
If you would invest (100.00) in IDEX Ethereum USD on July 26, 2019 and sell it today you would earn a total of 100.00 from holding IDEX Ethereum USD or generate -100.0% return on investment over 30 days.
Pair Corralation between HuobiPro Ethereum and IDEX Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for HuobiPro Ethereum and IDEX Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding HuobiPro Ethereum USD and IDEX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on IDEX 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 IDEX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of IDEX Ethereum USD has no effect on the direction of HuobiPro Ethereum i.e. HuobiPro Ethereum and IDEX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.