Correlation Analysis Between Bitforex Ethereum and BTCAlpha Ethereum

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

Comparative Performance

Bitforex Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitforex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
BTCAlpha Ethereum USD  
00

Risk-Adjusted Performance

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

Bitforex Ethereum and BTCAlpha Ethereum Volatility Contrast

Bitforex Ethereum USD  vs.  BTCAlpha Ethereum USD

Bitforex

Ethereum on Bitforex in USD

 0.00 
0.00   0.00 
Market Cap: 6.6 M
  

BTCAlpha

Ethereum on BTCAlpha in USD

 170.10 
0.00   0.00 
Market Cap: 53.7 M
(170.10)
Huge  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  17,010  in BTCAlpha Ethereum USD on September 20, 2019 and sell it today you would earn a total of  0.00  from holding BTCAlpha Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitforex Ethereum and BTCAlpha Ethereum

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

Diversification Opportunities for Bitforex Ethereum and BTCAlpha Ethereum

Bitforex Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitforex Ethereum USD and BTCAlpha Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BTCAlpha Ethereum USD and Bitforex Ethereum 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 Bitforex Ethereum USD are associated (or correlated) with BTCAlpha Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BTCAlpha Ethereum USD has no effect on the direction of Bitforex Ethereum i.e. Bitforex Ethereum and BTCAlpha Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.


 
Search macroaxis.com