This module allows you to analyze existing cross correlation between Exmo Ethereum USD and BitTrex Komodo USD. You can compare the effects of market volatilities on Exmo Ethereum and BitTrex Komodo 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 Komodo. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and BitTrex Komodo.
|Horizon||30 Days Login to change|
|Exmo Ethereum USD|
Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.
|BitTrex Komodo USD|
Over the last 30 days BitTrex Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Komodo is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Exmo Ethereum and BitTrex Komodo Volatility Contrast
Exmo Ethereum USD vs. BitTrex Komodo USD
If you would invest 20,788 in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of 1,435 from holding Exmo Ethereum USD or generate 6.9% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and BitTrex Komodo
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and BitTrex Komodo
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and BitTrex Komodo USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Komodo 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 Komodo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Komodo USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and BitTrex Komodo go up and down completely randomly.
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