This module allows you to analyze existing cross correlation between EXRATES Ethereum USD and Ethfinex Ethereum USD. You can compare the effects of market volatilities on EXRATES Ethereum and Ethfinex 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 EXRATES Ethereum with a short position of Ethfinex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Ethereum and Ethfinex Ethereum.
|Horizon||30 Days Login to change|
|EXRATES Ethereum USD|
Over the last 30 days EXRATES Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Ethereum is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
|Ethfinex Ethereum USD|
Over the last 30 days Ethfinex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Ethfinex Ethereum is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
EXRATES Ethereum and Ethfinex Ethereum Volatility Contrast
EXRATES Ethereum USD vs. Ethfinex Ethereum USD
If you would invest 21,749 in Ethfinex Ethereum USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding Ethfinex Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Ethereum and Ethfinex Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Ethereum and Ethfinex Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Ethereum USD and Ethfinex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Ethfinex Ethereum USD and EXRATES 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 EXRATES Ethereum USD are associated (or correlated) with Ethfinex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Ethfinex Ethereum USD has no effect on the direction of EXRATES Ethereum i.e. EXRATES Ethereum and Ethfinex Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.