This module allows you to analyze existing cross correlation between coinfield ZCash USD and EXRATES EDC Blockchain USD. You can compare the effects of market volatilities on coinfield ZCash and EXRATES EDC 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 coinfield ZCash with a short position of EXRATES EDC. See also your portfolio center. Please also check ongoing floating volatility patterns of coinfield ZCash and EXRATES EDC.
|Horizon||30 Days Login to change|
|coinfield ZCash USD|
Over the last 30 days coinfield ZCash 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 fundamental drivers remain rather sound which may send shares a bit higher in October 2019. The ongoing tumult may also be a sign of longer-term up-swing for the entity shareholders.
|EXRATES EDC Blockchain|
Over the last 30 days EXRATES EDC Blockchain USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES EDC is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
coinfield ZCash and EXRATES EDC Volatility Contrast
coinfield ZCash USD vs. EXRATES EDC Blockchain USD
Assuming 30 trading days horizon, coinfield ZCash USD is expected to under-perform the EXRATES EDC. In addition to that, coinfield ZCash is 9.22 times more volatile than EXRATES EDC Blockchain USD. It trades about -0.71 of its total potential returns per unit of risk. EXRATES EDC Blockchain USD is currently generating about -0.71 per unit of volatility. If you would invest 0.56 in EXRATES EDC Blockchain USD on August 22, 2019 and sell it today you would lose 0.00 from holding EXRATES EDC Blockchain USD or give up 0.16% of portfolio value over 30 days.
Pair Corralation between coinfield ZCash and EXRATES EDC
|Time Period||3 Months [change]|
Diversification Opportunities for coinfield ZCash and EXRATES EDC
Overlapping area represents the amount of risk that can be diversified away by holding coinfield ZCash USD and EXRATES EDC Blockchain USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES EDC Blockchain and coinfield 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 coinfield ZCash USD are associated (or correlated) with EXRATES EDC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES EDC Blockchain has no effect on the direction of coinfield ZCash i.e. coinfield ZCash and EXRATES EDC go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.