This module allows you to analyze existing cross correlation between Bitforex Ethereum USD and P2PB2B Ethereum USD. You can compare the effects of market volatilities on Bitforex Ethereum and P2PB2B 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 P2PB2B Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitforex Ethereum and P2PB2B Ethereum.
|Horizon||30 Days Login to change|
|Bitforex Ethereum USD|
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.
|P2PB2B Ethereum USD|
Over the last 30 days P2PB2B Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Bitforex Ethereum and P2PB2B Ethereum Volatility Contrast
Bitforex Ethereum USD vs. P2PB2B Ethereum USD
If you would invest 21,202 in P2PB2B Ethereum USD on August 23, 2019 and sell it today you would earn a total of 0.00 from holding P2PB2B Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Bitforex Ethereum and P2PB2B Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Bitforex Ethereum and P2PB2B Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Bitforex Ethereum USD and P2PB2B Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B 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 P2PB2B Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Ethereum USD has no effect on the direction of Bitforex Ethereum i.e. Bitforex Ethereum and P2PB2B Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.