TrustDEX Bitcoin USD vs. Cexio Bitcoin USD
Assuming 30 trading days horizon, TrustDEX Bitcoin USD is expected to generate 1.15 times more return on investment than Cexio Bitcoin. However, TrustDEX Bitcoin is 1.15 times more volatile than Cexio Bitcoin USD. It trades about -0.12 of its potential returns per unit of risk. Cexio Bitcoin USD is currently generating about -0.16 per unit of risk. If you would invest 823,680 in TrustDEX Bitcoin USD on May 23, 2018 and sell it today you would lose (105,853) from holding TrustDEX Bitcoin USD or give up 12.85% of portfolio value over 30 days.
Pair Corralation between TrustDEX Bitcoin and Cexio Bitcoin
|Time Period||1 Month [change]|
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding TrustDEX Bitcoin USD and Cexio Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Bitcoin USD and TrustDEX 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 TrustDEX Bitcoin USD are associated (or correlated) with Cexio Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Bitcoin USD has no effect on the direction of TrustDEX Bitcoin i.e. TrustDEX Bitcoin and Cexio Bitcoin go up and down completely randomly.
Over the last 30 days TrustDEX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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