This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Neraex Bitcoin USD. You can compare the effects of market volatilities on Gemini Bitcoin and Neraex 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 Gemini Bitcoin with a short position of Neraex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Neraex Bitcoin.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Neraex Bitcoin USD|
Over the last 30 days Neraex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat weak basic indicators, Neraex Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
Gemini Bitcoin and Neraex Bitcoin Volatility Contrast
Gemini Bitcoin USD vs. Neraex Bitcoin USD
If you would invest 1,015,153 in Neraex Bitcoin USD on August 23, 2019 and sell it today you would earn a total of 5,867 from holding Neraex Bitcoin USD or generate 0.58% return on investment over 30 days.
Pair Corralation between Gemini Bitcoin and Neraex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Neraex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Neraex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Neraex Bitcoin USD and Gemini 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 Gemini Bitcoin USD are associated (or correlated) with Neraex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Neraex Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Neraex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.