Correlation Analysis Between bingcoins Bitcoin and Exmo Bitcoin

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

Comparative Performance

bingcoins Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days bingcoins Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, bingcoins Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively weak essential indicators, Exmo Bitcoin unveiled solid returns over the last few months and may actually be approaching a breakup point.

bingcoins Bitcoin and Exmo Bitcoin Volatility Contrast

bingcoins Bitcoin USD  vs.  Exmo Bitcoin USD

bingcoins

Bitcoin on bingcoins in USD

 10,397 
0.00  0.00%
Market Cap: 548.9 K
  

Exmo

Bitcoin on Exmo in USD

 10,179 
50.55  0.50%
Market Cap: 42 B
 218.07 
2.10% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,012,838  in Exmo Bitcoin USD on August 23, 2019 and sell it today you would earn a total of  5,055  from holding Exmo Bitcoin USD or generate 0.5% return on investment over 30 days.

Pair Corralation between bingcoins Bitcoin and Exmo Bitcoin

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

Diversification Opportunities for bingcoins Bitcoin and Exmo Bitcoin

bingcoins Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding bingcoins Bitcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Bitcoin USD and bingcoins 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 bingcoins Bitcoin USD are associated (or correlated) with Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of bingcoins Bitcoin i.e. bingcoins Bitcoin and Exmo Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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