Correlation Analysis Between Coinsbit Ethereum and coinfield Ethereum

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

Comparative Performance

Coinsbit Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinsbit Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, Coinsbit Ethereum layed out solid returns over the last few months and may actually be approaching a breakup point.
coinfield Ethereum USD  
00

Risk-Adjusted Performance

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

Coinsbit Ethereum and coinfield Ethereum Volatility Contrast

Coinsbit Ethereum USD  vs.  coinfield Ethereum USD

Coinsbit

Ethereum on Coinsbit in USD

 216.27 
0.00  0.00%
Market Cap: 282.6 M
  

coinfield

Ethereum on coinfield in USD

 215.67 
0.00  0.00%
Market Cap: 257 K
 0.60 
0.28% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,543  in Coinsbit Ethereum USD on August 21, 2019 and sell it today you would earn a total of  1,334  from holding Coinsbit Ethereum USD or generate 6.49% return on investment over 30 days.

Pair Corralation between Coinsbit Ethereum and coinfield Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy33.33%
ValuesDaily Returns

Diversification Opportunities for Coinsbit Ethereum and coinfield Ethereum

Coinsbit Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Coinsbit Ethereum USD and coinfield Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield Ethereum USD and Coinsbit 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 Coinsbit Ethereum USD are associated (or correlated) with coinfield Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield Ethereum USD has no effect on the direction of Coinsbit Ethereum i.e. Coinsbit Ethereum and coinfield Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.


 
Search macroaxis.com