Correlation Analysis Between Exmo Ethereum and Gemini Ethereum

This module allows you to analyze existing cross correlation between Exmo Ethereum USD and Gemini Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and Gemini 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 Gemini Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and Gemini Ethereum.
Horizon     30 Days    Login   to change

Exmo Ethereum USD  vs.  Gemini Ethereum USD


Ethereum on Exmo in USD

0.18  0.09%
Market Cap: 17.9 M


Ethereum on Gemini in USD

0.96  0.47%
Market Cap: 1.2 B
4.10% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 1.1 times more return on investment than Gemini Ethereum. However, Exmo Ethereum is 1.1 times more volatile than Gemini Ethereum USD. It trades about 0.02 of its potential returns per unit of risk. Gemini Ethereum USD is currently generating about -0.01 per unit of risk. If you would invest  21,170  in Exmo Ethereum USD on September 18, 2018 and sell it today you would lose (20.00)  from holding Exmo Ethereum USD or give up 0.09% of portfolio value over 30 days.

Pair Corralation between Exmo Ethereum and Gemini Ethereum

Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Gemini Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini 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 Gemini Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Gemini Ethereum go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Exmo Ethereum USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Ethereum USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Gemini Ethereum USD  

Risk-Adjusted Performance

Over the last 30 days Gemini Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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