This module allows you to analyze existing cross correlation between Exmo Ethereum USD and BitTrex Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and BitTrex Ethereum 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 Ethereum with a short position of BitTrex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Exmo Ethereum
and BitTrex Ethereum
Exmo Ethereum USD vs BitTrex Ethereum USD
Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 0.92 times more return on investment than BitTrex Ethereum. However, Exmo Ethereum USD is 1.09 times less risky than BitTrex Ethereum. It trades about 0.2 of its potential returns per unit of risk. BitTrex Ethereum USD is currently generating about 0.17 per unit of risk. If you would invest 74,792 in Exmo Ethereum USD on December 24, 2017 and sell it today you would earn a total of 31,408 from holding Exmo Ethereum USD or generate 41.99% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and BitTrex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum USD and Exmo Ethereum 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 Ethereum USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and BitTrex Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Ethereum USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in BitTrex Ethereum USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.