This module allows you to analyze existing cross correlation between Exmo Dash USD and Coinsbit Bitcoin USD. You can compare the effects of market volatilities on Exmo Dash and Coinsbit 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 Exmo Dash with a short position of Coinsbit Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Dash and Coinsbit Bitcoin.
|Horizon||30 Days Login to change|
|Exmo Dash USD|
Over the last 30 days Exmo Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Exmo Dash is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Coinsbit Bitcoin USD|
Over the last 30 days Coinsbit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Coinsbit Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Dash and Coinsbit Bitcoin Volatility Contrast
Exmo Dash USD vs. Coinsbit Bitcoin USD
If you would invest 1,031,436 in Coinsbit Bitcoin USD on August 19, 2019 and sell it today you would earn a total of 0.00 from holding Coinsbit Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Exmo Dash and Coinsbit Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Dash and Coinsbit Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Dash USD and Coinsbit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinsbit Bitcoin USD and Exmo Dash 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 Exmo Dash USD are associated (or correlated) with Coinsbit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinsbit Bitcoin USD has no effect on the direction of Exmo Dash i.e. Exmo Dash and Coinsbit Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.