This module allows you to analyze existing cross correlation between Bitfinex Dash USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on Bitfinex Dash and Bitstamp 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 Bitfinex Dash with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Dash and Bitstamp Bitcoin.
|Horizon||30 Days Login to change|
|Bitfinex Dash USD|
Over the last 30 days Bitfinex Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Dash is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|Bitstamp Bitcoin USD|
Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
Bitfinex Dash and Bitstamp Bitcoin Volatility Contrast
Bitfinex Dash USD vs. Bitstamp Bitcoin USD
If you would invest 1,014,925 in Bitstamp Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding Bitstamp Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Bitfinex Dash and Bitstamp Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Bitfinex Dash and Bitstamp Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Dash USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and Bitfinex Dash 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 Bitfinex Dash USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Bitfinex Dash i.e. Bitfinex Dash and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .