Correlation Analysis Between Bitfinex Golem and CryptoCarbon CryptoCarbon

This module allows you to analyze existing cross correlation between Bitfinex Golem Network Token USD and CryptoCarbon CryptoCarbon USD. You can compare the effects of market volatilities on Bitfinex Golem and CryptoCarbon CryptoCarbon 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 Golem with a short position of CryptoCarbon CryptoCarbon. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Golem and CryptoCarbon CryptoCarbon.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Bitfinex Golem Network  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather fragile fundamental drivers, Bitfinex Golem exhibited solid returns over the last few months and may actually be approaching a breakup point.
CryptoCarbon CryptoCarbon  
00

Risk-Adjusted Performance

Over the last 30 days CryptoCarbon CryptoCarbon USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, CryptoCarbon CryptoCarbon is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Bitfinex Golem and CryptoCarbon CryptoCarbon Volatility Contrast

Bitfinex Golem Network Token U  vs.  CryptoCarbon CryptoCarbon USD

Bitfinex

Golem Network Token on Bitfinex in USD

 0.06 
0.00474  8.05%
Market Cap: 276
  

CryptoCarbon

CryptoCarbon on CryptoCarbon in USD

 0.07 
0.00  0.00%
Market Cap: 161
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5.89  in Bitfinex Golem Network Token USD on August 20, 2019 and sell it today you would earn a total of  0.47  from holding Bitfinex Golem Network Token USD or generate 8.05% return on investment over 30 days.

Pair Corralation between Bitfinex Golem and CryptoCarbon CryptoCarbon

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Bitfinex Golem and CryptoCarbon CryptoCarbon

Bitfinex Golem Network Token U diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Golem Network Token U and CryptoCarbon CryptoCarbon USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CryptoCarbon CryptoCarbon and Bitfinex Golem 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 Golem Network Token USD are associated (or correlated) with CryptoCarbon CryptoCarbon. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CryptoCarbon CryptoCarbon has no effect on the direction of Bitfinex Golem i.e. Bitfinex Golem and CryptoCarbon CryptoCarbon go up and down completely randomly.
See also your portfolio center. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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