This module allows you to analyze existing cross correlation between EXRATES Dogecoin USD and P2PB2B Stellar USD. You can compare the effects of market volatilities on EXRATES Dogecoin and P2PB2B Stellar 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 Dogecoin with a short position of P2PB2B Stellar. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Dogecoin and P2PB2B Stellar.
|Horizon||30 Days Login to change|
|EXRATES Dogecoin USD|
Over the last 30 days EXRATES Dogecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Dogecoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
|P2PB2B Stellar USD|
Over the last 30 days P2PB2B Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, P2PB2B Stellar sustained solid returns over the last few months and may actually be approaching a breakup point.
EXRATES Dogecoin and P2PB2B Stellar Volatility Contrast
EXRATES Dogecoin USD vs. P2PB2B Stellar USD
If you would invest 7.72 in P2PB2B Stellar USD on August 20, 2019 and sell it today you would earn a total of 0.43 from holding P2PB2B Stellar USD or generate 5.58% return on investment over 30 days.
Pair Corralation between EXRATES Dogecoin and P2PB2B Stellar
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Dogecoin and P2PB2B Stellar
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Dogecoin USD and P2PB2B Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Stellar USD and EXRATES Dogecoin 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 Dogecoin USD are associated (or correlated) with P2PB2B Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Stellar USD has no effect on the direction of EXRATES Dogecoin i.e. EXRATES Dogecoin and P2PB2B Stellar go up and down completely randomly.
See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.