This module allows you to analyze existing cross correlation between Exmo Ethereum USD and EXRATES Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and EXRATES 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 EXRATES Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and EXRATES Ethereum.
|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.
|EXRATES Ethereum USD|
Over the last 30 days EXRATES Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively fragile forward-looking signals, EXRATES Ethereum reported solid returns over the last few months and may actually be approaching a breakup point.
Exmo Ethereum and EXRATES Ethereum Volatility Contrast
Exmo Ethereum USD vs. EXRATES Ethereum USD
Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 1.23 times more return on investment than EXRATES Ethereum. However, Exmo Ethereum is 1.23 times more volatile than EXRATES Ethereum USD. It trades about 0.71 of its potential returns per unit of risk. EXRATES Ethereum USD is currently generating about 0.58 per unit of risk. If you would invest 20,788 in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of 1,439 from holding Exmo Ethereum USD or generate 6.92% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and EXRATES Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and EXRATES Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and EXRATES Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES 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 EXRATES Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and EXRATES Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.