This module allows you to analyze existing cross correlation between Exmo Dash USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on Exmo Dash and OKCoin 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 OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Dash and OKCoin 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 fragile basic indicators, Exmo Dash sustained solid returns over the last few months and may actually be approaching a breakup point.
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin 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 OKCoin Bitcoin Volatility Contrast
Exmo Dash USD vs. OKCoin Bitcoin USD
Assuming 30 trading days horizon, Exmo Dash USD is expected to generate 45.06 times more return on investment than OKCoin Bitcoin. However, Exmo Dash is 45.06 times more volatile than OKCoin Bitcoin USD. It trades about 0.71 of its potential returns per unit of risk. OKCoin Bitcoin USD is currently generating about 0.71 per unit of risk. If you would invest 9,394 in Exmo Dash USD on August 20, 2019 and sell it today you would earn a total of 677.00 from holding Exmo Dash USD or generate 7.21% return on investment over 30 days.
Pair Corralation between Exmo Dash and OKCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Dash and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Dash USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin 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 OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of Exmo Dash i.e. Exmo Dash and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.