Correlation Analysis Between BCEX Ethereum and Coinsbit Ethereum

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

Comparative Performance

BCEX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
Coinsbit Ethereum USD  
00

Risk-Adjusted Performance

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

BCEX Ethereum and Coinsbit Ethereum Volatility Contrast

BCEX Ethereum USD  vs.  Coinsbit Ethereum USD

BCEX

Ethereum on BCEX in USD

 841.41 
0.00  0.00%
Market Cap: 55.2 M
  

Coinsbit

Ethereum on Coinsbit in USD

 218.03 
0.03  0.0138%
Market Cap: 282.6 M
 623.38 
74.09% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  84,141  in BCEX Ethereum USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding BCEX Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BCEX Ethereum and Coinsbit Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for BCEX Ethereum and Coinsbit Ethereum

BCEX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BCEX Ethereum USD and Coinsbit Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinsbit Ethereum USD and BCEX 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 BCEX Ethereum USD are associated (or correlated) with Coinsbit Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinsbit Ethereum USD has no effect on the direction of BCEX Ethereum i.e. BCEX Ethereum and Coinsbit Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.


 
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