This module allows you to analyze existing cross correlation between BitTrex Ethereum USD and Cexio Ethereum USD. You can compare the effects of market volatilities on BitTrex 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 BitTrex Ethereum with a short position of Cexio Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Ethereum and Cexio Ethereum.
|Horizon||30 Days Login to change|
|BitTrex Ethereum USD|
Over the last 30 days BitTrex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Cexio Ethereum USD|
Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Crypto's fundamental drivers remain rather sound which may send shares a bit higher in October 2019. The ongoing tumult may also be a sign of longer-term up-swing for the entity shareholders.
BitTrex Ethereum and Cexio Ethereum Volatility Contrast
BitTrex Ethereum USD vs. Cexio Ethereum USD
Assuming 30 trading days horizon, BitTrex Ethereum USD is expected to generate 0.13 times more return on investment than Cexio Ethereum. However, BitTrex Ethereum USD is 7.63 times less risky than Cexio Ethereum. It trades about -0.71 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about -0.71 per unit of risk. If you would invest 21,738 in BitTrex Ethereum USD on August 22, 2019 and sell it today you would lose (37.00) from holding BitTrex Ethereum USD or give up 0.17% of portfolio value over 30 days.
Pair Corralation between BitTrex Ethereum and Cexio Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for BitTrex Ethereum and Cexio Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex 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 BitTrex 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 BitTrex 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 BitTrex Ethereum i.e. BitTrex Ethereum and Cexio Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Content Syndication module to quickly integrate customizable finance content to your own investment portal.