This module allows you to analyze existing cross correlation between Lykke Ethereum USD and Tidex Ethereum USD. You can compare the effects of market volatilities on Lykke Ethereum and Tidex 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 Lykke Ethereum with a short position of Tidex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Lykke Ethereum
and Tidex Ethereum
Lykke Ethereum USD vs Tidex Ethereum USD
If you would invest 34,990 in Lykke Ethereum USD on November 17, 2017 and sell it today you would earn a total of 35,139 from holding Lykke Ethereum USD or generate 100.43% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Lykke Ethereum USD and Tidex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Tidex Ethereum USD and Lykke 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 Lykke Ethereum USD are associated (or correlated) with Tidex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Tidex Ethereum USD has no effect on the direction of Lykke Ethereum i.e. Lykke Ethereum and Tidex Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Lykke Ethereum USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.