Correlation Analysis Between BTCAlpha Ethereum and EXRATES Ethereum

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

Comparative Performance

BTCAlpha Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BTCAlpha Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, BTCAlpha Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
EXRATES Ethereum USD  
00

Risk-Adjusted Performance

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 current stock price agitation, may contribute to short term losses for the management.

BTCAlpha Ethereum and EXRATES Ethereum Volatility Contrast

BTCAlpha Ethereum USD  vs.  EXRATES Ethereum USD

BTCAlpha

Ethereum on BTCAlpha in USD

 207.40 
0.00  0.00%
Market Cap: 53.7 M
  

EXRATES

Ethereum on EXRATES in USD

 207.92 
0.00  0.00%
Market Cap: 58.7 M
(0.52)
0.25% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,201  in EXRATES Ethereum USD on August 23, 2019 and sell it today you would earn a total of  0.00  from holding EXRATES Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BTCAlpha Ethereum and EXRATES Ethereum

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

Diversification Opportunities for BTCAlpha Ethereum and EXRATES Ethereum

BTCAlpha Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BTCAlpha 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 BTCAlpha 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 BTCAlpha 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 BTCAlpha Ethereum i.e. BTCAlpha Ethereum and EXRATES Ethereum go up and down completely randomly.
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