This module allows you to analyze existing cross correlation between OKCoin Bitcoin USD and Coinbase Ethereum USD. You can compare the effects of market volatilities on OKCoin Bitcoin 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 OKCoin Bitcoin with a short position of Coinbase Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Bitcoin and Coinbase Ethereum.
|Horizon||30 Days Login to change|
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Coinbase Ethereum USD|
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 relatively invariable forward-looking signals, Coinbase Ethereum is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
OKCoin Bitcoin and Coinbase Ethereum Volatility Contrast
OKCoin Bitcoin USD vs. Coinbase Ethereum USD
If you would invest 21,397 in Coinbase Ethereum USD on August 19, 2019 and sell it today you would earn a total of 0.00 from holding Coinbase Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between OKCoin Bitcoin and Coinbase Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for OKCoin Bitcoin and Coinbase Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin 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 OKCoin 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 OKCoin Bitcoin 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 OKCoin Bitcoin i.e. OKCoin Bitcoin and Coinbase Ethereum go up and down completely randomly.
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