Correlation Analysis Between EXRATES Ethereum and primexbt Ethereum

This module allows you to analyze existing cross correlation between EXRATES Ethereum USD and primexbt Ethereum USD. You can compare the effects of market volatilities on EXRATES 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 EXRATES Ethereum with a short position of primexbt Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Ethereum and primexbt Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

EXRATES Ethereum USD  
00

Risk-Adjusted Performance

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 fragile performance in the last few months, the Crypto's forward-looking signals remain relatively invariable which may send shares a bit higher in October 2019. The latest agitation may also be a sign of long running up-swing for the entity management.
primexbt Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days primexbt Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

EXRATES Ethereum and primexbt Ethereum Volatility Contrast

EXRATES Ethereum USD  vs.  primexbt Ethereum USD

EXRATES

Ethereum on EXRATES in USD

 215.73 
(2.70)  1.24%
Market Cap: 58.7 M
  

primexbt

Ethereum on primexbt in USD

 214.58 
(1.85)  0.85%
Market Cap: 115.3 M
 1.15 
0.53% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, EXRATES Ethereum USD is expected to under-perform the primexbt Ethereum. In addition to that, EXRATES Ethereum is 1.45 times more volatile than primexbt Ethereum USD. It trades about -0.71 of its total potential returns per unit of risk. primexbt Ethereum USD is currently generating about -0.71 per unit of volatility. If you would invest  21,643  in primexbt Ethereum USD on August 22, 2019 and sell it today you would lose (185.00)  from holding primexbt Ethereum USD or give up 0.85% of portfolio value over 30 days.

Pair Corralation between EXRATES Ethereum and primexbt Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for EXRATES Ethereum and primexbt Ethereum

EXRATES Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EXRATES 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 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 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 EXRATES Ethereum i.e. EXRATES Ethereum and primexbt Ethereum go up and down completely randomly.
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