Correlation Analysis Between Exmo Dash and ExtStock Bitcoin

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

Comparative Performance

Exmo Dash USD  
00

Risk-Adjusted Performance

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 prevalent stock price disturbance, may contribute to short term losses for the investors.
ExtStock Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days ExtStock Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ExtStock Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Exmo Dash and ExtStock Bitcoin Volatility Contrast

Exmo Dash USD  vs.  ExtStock Bitcoin USD

Exmo

Dash on Exmo in USD

 92.24 
0.00  0.00%
Market Cap: 3.4 M
  

ExtStock

Bitcoin on ExtStock in USD

 10,070 
0.00  0.00%
Market Cap: 40.2 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,010,030  in ExtStock Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding ExtStock Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Exmo Dash and ExtStock Bitcoin

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

Diversification Opportunities for Exmo Dash and ExtStock Bitcoin

Exmo Dash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Dash USD and ExtStock Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ExtStock 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 ExtStock Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ExtStock Bitcoin USD has no effect on the direction of Exmo Dash i.e. Exmo Dash and ExtStock Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
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