This module allows you to analyze existing cross correlation between BitTrex Ethereum USD and EXRATES Ethereum USD. You can compare the effects of market volatilities on BitTrex Ethereum and EXRATES 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 EXRATES Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Ethereum and EXRATES 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.
|EXRATES Ethereum USD|
Over the last 30 days EXRATES Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Ethereum is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
BitTrex Ethereum and EXRATES Ethereum Volatility Contrast
BitTrex Ethereum USD vs. EXRATES Ethereum USD
If you would invest (100.00) in EXRATES Ethereum USD on August 21, 2019 and sell it today you would earn a total of 100.00 from holding EXRATES Ethereum USD or generate -100.0% return on investment over 30 days.
Pair Corralation between BitTrex Ethereum and EXRATES Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for BitTrex Ethereum and EXRATES Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Ethereum USD and EXRATES Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES 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 EXRATES Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Ethereum USD has no effect on the direction of BitTrex Ethereum i.e. BitTrex Ethereum and EXRATES Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.