This module allows you to analyze existing cross correlation between Exmo Ethereum USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on Exmo Ethereum and OKCoin Bitcoin 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 OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and OKCoin Bitcoin.
|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 fragile performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.
Exmo Ethereum and OKCoin Bitcoin Volatility Contrast
Exmo Ethereum USD vs. OKCoin Bitcoin USD
Assuming 30 trading days horizon, Exmo Ethereum USD is expected to under-perform the OKCoin Bitcoin. In addition to that, Exmo Ethereum is 1.92 times more volatile than OKCoin Bitcoin USD. It trades about -0.71 of its total potential returns per unit of risk. OKCoin Bitcoin USD is currently generating about -0.71 per unit of volatility. If you would invest 1,009,982 in OKCoin Bitcoin USD on August 22, 2019 and sell it today you would lose (2,693) from holding OKCoin Bitcoin USD or give up 0.27% of portfolio value over 30 days.
Pair Corralation between Exmo Ethereum and OKCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin 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 OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and OKCoin Bitcoin go up and down completely randomly.
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