This module allows you to analyze existing cross correlation between EXRATES Bitcoin USD and Exenium Bitcoin USD. You can compare the effects of market volatilities on EXRATES Bitcoin and Exenium 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 EXRATES Bitcoin with a short position of Exenium Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Bitcoin and Exenium Bitcoin.
|Horizon||30 Days Login to change|
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
|Exenium Bitcoin USD|
Over the last 30 days Exenium Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Exenium Bitcoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
EXRATES Bitcoin and Exenium Bitcoin Volatility Contrast
EXRATES Bitcoin USD vs. Exenium Bitcoin USD
If you would invest 792,000 in Exenium Bitcoin USD on September 18, 2019 and sell it today you would earn a total of 0.00 from holding Exenium Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Bitcoin and Exenium Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Bitcoin and Exenium Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Bitcoin USD and Exenium Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exenium Bitcoin USD and EXRATES Bitcoin 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 EXRATES Bitcoin USD are associated (or correlated) with Exenium Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exenium Bitcoin USD has no effect on the direction of EXRATES Bitcoin i.e. EXRATES Bitcoin and Exenium Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.