Correlation Analysis Between coinfield ZCash and P2PB2B Bancor

This module allows you to analyze existing cross correlation between coinfield ZCash USD and P2PB2B Bancor Network Token USD. You can compare the effects of market volatilities on coinfield ZCash and P2PB2B Bancor 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 P2PB2B Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of coinfield ZCash and P2PB2B Bancor.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

coinfield ZCash USD  
00

Risk-Adjusted Performance

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 weak 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.
P2PB2B Bancor Network  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

coinfield ZCash and P2PB2B Bancor Volatility Contrast

coinfield ZCash USD  vs.  P2PB2B Bancor Network Token US

coinfield

ZCash on coinfield in USD

 0.00 
0.00  0.00%
Market Cap: 157.2 K
  

P2PB2B

Bancor Network Token on P2PB2B in USD

 0.42 
0.00  0.00%
Market Cap: 26.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, coinfield ZCash USD is expected to generate 0.21 times more return on investment than P2PB2B Bancor. However, coinfield ZCash USD is 4.68 times less risky than P2PB2B Bancor. It trades about -0.77 of its potential returns per unit of risk. P2PB2B Bancor Network Token USD is currently generating about -0.58 per unit of risk. If you would invest  4,948  in coinfield ZCash USD on August 21, 2019 and sell it today you would lose (45.00)  from holding coinfield ZCash USD or give up 0.91% of portfolio value over 30 days.

Pair Corralation between coinfield ZCash and P2PB2B Bancor

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

Diversification Opportunities for coinfield ZCash and P2PB2B Bancor

coinfield ZCash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding coinfield ZCash USD and P2PB2B Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Bancor Network 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 P2PB2B Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Bancor Network has no effect on the direction of coinfield ZCash i.e. coinfield ZCash and P2PB2B Bancor go up and down completely randomly.
See also your portfolio center. Please also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.


 
Search macroaxis.com