This module allows you to analyze existing cross correlation between Exmo Ethereum USD and primexbt Ethereum USD. You can compare the effects of market volatilities on Exmo Ethereum and primexbt 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 primexbt Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and primexbt 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 unchanging essential indicators, Exmo Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.
|primexbt Ethereum USD|
Over the last 30 days primexbt Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, primexbt Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Exmo Ethereum and primexbt Ethereum Volatility Contrast
Exmo Ethereum USD vs. primexbt Ethereum USD
If you would invest 21,074 in primexbt Ethereum USD on August 23, 2019 and sell it today you would earn a total of 0.00 from holding primexbt Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Exmo Ethereum and primexbt Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and primexbt Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and primexbt Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and primexbt Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.