This module allows you to analyze existing cross correlation between Bitstamp Ethereum USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Bitstamp Ethereum 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 Bitstamp Ethereum with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bitstamp Ethereum
and Cexio Ethereum
Bitstamp Ethereum USD vs Cexio Ethereum USD
Assuming 30 trading days horizon, Bitstamp Ethereum is expected to generate 1.05 times less return on investment than Cexio Ethereum. But when comparing it to its historical volatility, Bitstamp Ethereum USD is 1.22 times less risky than Cexio Ethereum. It trades about 0.16 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 82,200 in Cexio Ethereum USD on December 25, 2017 and sell it today you would earn a total of 22,292 from holding Cexio Ethereum USD or generate 27.12% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Ethereum USD 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 Bitstamp 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 Bitstamp Ethereum 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 Bitstamp Ethereum i.e. Bitstamp Ethereum and Cexio Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Ethereum USD are ranked lower than 10 (%) 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 8 (%) of all global equities and portfolios over the last 30 days.