Correlation Analysis Between BitTrex Komodo and Exmo Ethereum

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

Comparative Performance

BitTrex Komodo USD  
00

Risk-Adjusted Performance

Over the last 30 days BitTrex Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Komodo is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo 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 essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.

BitTrex Komodo and Exmo Ethereum Volatility Contrast

BitTrex Komodo USD  vs.  Exmo Ethereum USD

BitTrex

Komodo on BitTrex in USD

 0.70 
0.00  0.00%
Market Cap: 1.4 K
  

Exmo

Ethereum on Exmo in USD

 214.87 
(6.29)  2.84%
Market Cap: 126.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  69.80  in BitTrex Komodo USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding BitTrex Komodo USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BitTrex Komodo and Exmo Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for BitTrex Komodo and Exmo Ethereum

BitTrex Komodo USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Komodo USD and Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum USD and BitTrex Komodo 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 Komodo USD are associated (or correlated) with Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of BitTrex Komodo i.e. BitTrex Komodo and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.


 
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