This module allows you to analyze existing cross correlation between Bitfinex Golem Network Token USD and HitBTC ZCoin USD. You can compare the effects of market volatilities on Bitfinex Golem and HitBTC ZCoin 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 HitBTC ZCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Golem and HitBTC ZCoin.
|Horizon||30 Days Login to change|
|Bitfinex Golem Network|
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 sound fundamental drivers, Bitfinex Golem is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|HitBTC ZCoin USD|
Over the last 30 days HitBTC ZCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, HitBTC ZCoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Bitfinex Golem and HitBTC ZCoin Volatility Contrast
Bitfinex Golem Network Token U vs. HitBTC ZCoin USD
If you would invest 548.80 in HitBTC ZCoin USD on August 22, 2019 and sell it today you would earn a total of 1.00 from holding HitBTC ZCoin USD or generate 0.18% return on investment over 30 days.
Pair Corralation between Bitfinex Golem and HitBTC ZCoin
|Time Period||3 Months [change]|
Diversification Opportunities for Bitfinex Golem and HitBTC ZCoin
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Golem Network Token U and HitBTC ZCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC ZCoin USD 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 HitBTC ZCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC ZCoin USD has no effect on the direction of Bitfinex Golem i.e. Bitfinex Golem and HitBTC ZCoin go up and down completely randomly.
See also your portfolio center. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.