Correlation Analysis Between SingularityX Ethereum and Bitstamp Ethereum

This module allows you to analyze existing cross correlation between SingularityX Ethereum USD and Bitstamp Ethereum USD. You can compare the effects of market volatilities on SingularityX Ethereum and Bitstamp 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 SingularityX Ethereum with a short position of Bitstamp Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of SingularityX Ethereum and Bitstamp Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

SingularityX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days SingularityX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Bitstamp Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Ethereum is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

SingularityX Ethereum and Bitstamp Ethereum Volatility Contrast

SingularityX Ethereum USD  vs.  Bitstamp Ethereum USD

SingularityX

Ethereum on SingularityX in USD

 145.63 
0.00   0.00 
Market Cap: 15.7 M
  

Bitstamp

Ethereum on Bitstamp in USD

 142.63 
0.00   0.00 
Market Cap: 453.8 M
 3.00 
2.06  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  14,263  in Bitstamp Ethereum USD on November 11, 2019 and sell it today you would earn a total of  0.00  from holding Bitstamp Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between SingularityX Ethereum and Bitstamp Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for SingularityX Ethereum and Bitstamp Ethereum

SingularityX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding SingularityX Ethereum USD and Bitstamp Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Ethereum USD and SingularityX 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 SingularityX Ethereum USD are associated (or correlated) with Bitstamp Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Ethereum USD has no effect on the direction of SingularityX Ethereum i.e. SingularityX Ethereum and Bitstamp Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
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