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|
|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 prevalent stock price disturbance, may contribute to short term losses for the investors.
|ExtStock Bitcoin USD|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Dash and ExtStock Bitcoin
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.