Correlation Analysis Between OKCoin Bitcoin and DSX Ethereum

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

OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

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.
DSX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days DSX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, DSX Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

OKCoin Bitcoin and DSX Ethereum Volatility Contrast

OKCoin Bitcoin USD  vs.  DSX Ethereum USD

OKCoin

Bitcoin on OKCoin in USD

 9,877 
15.77  0.16%
Market Cap: 29.2 B
  

DSX

Ethereum on DSX in USD

 211.18 
0.00  0.00%
Market Cap: 11.4 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  986,151  in OKCoin Bitcoin USD on August 20, 2019 and sell it today you would earn a total of  1,577  from holding OKCoin Bitcoin USD or generate 0.16% return on investment over 30 days.

Pair Corralation between OKCoin Bitcoin and DSX Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for OKCoin Bitcoin and DSX Ethereum

OKCoin Bitcoin USD diversification synergy

Pay attention

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


 
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