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|
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.
|Gemini Ethereum USD|
Over the last 30 days Gemini Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, Gemini Ethereum sustained solid returns over the last few months and may actually be approaching a breakup point.
Exmo Ethereum and Gemini Ethereum Volatility Contrast
Exmo Ethereum USD vs. Gemini Ethereum USD
Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 1.17 times more return on investment than Gemini Ethereum. However, Exmo Ethereum is 1.17 times more volatile than Gemini Ethereum USD. It trades about 0.71 of its potential returns per unit of risk. Gemini Ethereum USD is currently generating about 0.71 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 Gemini Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and Gemini Ethereum
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.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.