This module allows you to analyze existing cross correlation between Bitfinex Recovery Right Tokens USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Bitfinex Recovery and Cexio 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 Bitfinex Recovery with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bitfinex Recovery
and Cexio Ethereum
Bitfinex Recovery Right Tokens vs Cexio Ethereum USD
Assuming 30 trading days horizon, Bitfinex Recovery is expected to generate 3.59 times less return on investment than Cexio Ethereum. In addition to that, Bitfinex Recovery is 1.32 times more volatile than Cexio Ethereum USD. It trades about 0.03 of its total potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.16 per unit of volatility. If you would invest 88,000 in Cexio Ethereum USD on December 21, 2017 and sell it today you would earn a total of 33,850 from holding Cexio Ethereum USD or generate 38.47% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Recovery Right Tokens and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Ethereum USD and Bitfinex Recovery 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 Recovery Right Tokens USD are associated (or correlated) with Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Bitfinex Recovery i.e. Bitfinex Recovery and Cexio Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Recovery Right Tokens USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.