Correlation Analysis Between CoinDeal Bitcoin and EXRATES Bitcoin

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

Comparative Performance

CoinDeal Bitcoin USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.

CoinDeal Bitcoin and EXRATES Bitcoin Volatility Contrast

CoinDeal Bitcoin USD  vs.  EXRATES Bitcoin USD

CoinDeal

Bitcoin on CoinDeal in USD

 0.00 
0.00  0.00%
Market Cap: 29.4 B
  

EXRATES

Bitcoin on EXRATES in USD

 0.00 
0.00  0.00%
Market Cap: 1332.8 B
 0.00 
?% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in EXRATES Bitcoin USD on July 27, 2019 and sell it today you would earn a total of  0.00  from holding EXRATES Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between CoinDeal Bitcoin and EXRATES Bitcoin

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for CoinDeal Bitcoin and EXRATES Bitcoin

CoinDeal Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CoinDeal Bitcoin USD and EXRATES Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES Bitcoin USD and CoinDeal Bitcoin 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 CoinDeal Bitcoin USD are associated (or correlated) with EXRATES Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Bitcoin USD has no effect on the direction of CoinDeal Bitcoin i.e. CoinDeal Bitcoin and EXRATES Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.


 
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