Correlation Analysis Between BCEX Ethereum and Ethfinex Ethereum

This module allows you to analyze existing cross correlation between BCEX Ethereum USD and Ethfinex Ethereum USD. You can compare the effects of market volatilities on BCEX Ethereum and Ethfinex 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 Ethfinex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BCEX Ethereum and Ethfinex Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
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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.
Ethfinex Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Ethfinex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Crypto's fundamental drivers remain rather sound which may send shares a bit higher in October 2019. The ongoing tumult may also be a sign of longer-term up-swing for the entity shareholders.

BCEX Ethereum and Ethfinex Ethereum Volatility Contrast

BCEX Ethereum USD  vs.  Ethfinex Ethereum USD

BCEX

Ethereum on BCEX in USD

 841.41 
0.00  0.00%
Market Cap: 55.2 M
  

Ethfinex

Ethereum on Ethfinex in USD

 214.74 
(3.72)  1.70%
Market Cap: 1.3 B
 626.67 
74.48% 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 Ethfinex Ethereum

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

Diversification Opportunities for BCEX Ethereum and Ethfinex 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 Ethfinex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ethfinex 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 Ethfinex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ethfinex Ethereum USD has no effect on the direction of BCEX Ethereum i.e. BCEX Ethereum and Ethfinex Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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