This module allows you to analyze existing cross correlation between DSX Bitcoin USD and Bitforex Bitcoin USD. You can compare the effects of market volatilities on DSX Bitcoin and Bitforex 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 DSX Bitcoin with a short position of Bitforex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of DSX Bitcoin and Bitforex Bitcoin.
|Horizon||30 Days Login to change|
|DSX Bitcoin USD|
Over the last 30 days DSX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, DSX Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Bitforex Bitcoin USD|
Over the last 30 days Bitforex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
DSX Bitcoin and Bitforex Bitcoin Volatility Contrast
DSX Bitcoin USD vs. Bitforex Bitcoin USD
If you would invest 993,581 in DSX Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 6,869 from holding DSX Bitcoin USD or generate 0.69% return on investment over 30 days.
Pair Corralation between DSX Bitcoin and Bitforex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for DSX Bitcoin and Bitforex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding DSX Bitcoin USD and Bitforex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitforex Bitcoin USD and DSX 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 DSX Bitcoin USD are associated (or correlated) with Bitforex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitforex Bitcoin USD has no effect on the direction of DSX Bitcoin i.e. DSX Bitcoin and Bitforex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.