Correlation Analysis Between BitTrex ZCash and Bitfinex ZCash

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

BitTrex ZCash USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days Bitfinex ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex ZCash is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

BitTrex ZCash and Bitfinex ZCash Volatility Contrast

BitTrex ZCash USD  vs.  Bitfinex ZCash USD

BitTrex

ZCash on BitTrex in USD

 0.00 
0.00   0.00 
Market Cap: 3.9 K
  

Bitfinex

ZCash on Bitfinex in USD

 31.31 
0.00   0.00 
Market Cap: 8.2 M
(31.31)
Huge  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,131  in Bitfinex ZCash USD on November 11, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex ZCash USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BitTrex ZCash and Bitfinex ZCash

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for BitTrex ZCash and Bitfinex ZCash

BitTrex ZCash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BitTrex ZCash USD and Bitfinex ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex ZCash USD and BitTrex ZCash 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 ZCash USD are associated (or correlated) with Bitfinex ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex ZCash USD has no effect on the direction of BitTrex ZCash i.e. BitTrex ZCash and Bitfinex ZCash go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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