This module allows you to analyze existing cross correlation between OKCoin Ethereum USD and Binance Ethereum USD. You can compare the effects of market volatilities on OKCoin Ethereum and Binance 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 Ethereum with a short position of Binance Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Ethereum and Binance Ethereum.
|Horizon||30 Days Login to change|
|OKCoin Ethereum USD|
Over the last 30 days OKCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|Binance Ethereum USD|
Over the last 30 days Binance Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Ethereum is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.
OKCoin Ethereum and Binance Ethereum Volatility Contrast
OKCoin Ethereum USD vs. Binance Ethereum USD
If you would invest 19,431 in Binance Ethereum USD on July 25, 2019 and sell it today you would earn a total of 0.00 from holding Binance Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between OKCoin Ethereum and Binance Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for OKCoin Ethereum and Binance Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Ethereum USD and Binance Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance Ethereum USD and OKCoin 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 OKCoin Ethereum USD are associated (or correlated) with Binance Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance Ethereum USD has no effect on the direction of OKCoin Ethereum i.e. OKCoin Ethereum and Binance Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.