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This module allows you to analyze existing cross correlation between Gemini Ethereum USD and HitBTC Ethereum USD. You can compare the effects of market volatilities on Gemini Ethereum and HitBTC 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 Gemini Ethereum with a short position of HitBTC Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Ethereum and HitBTC Ethereum.
|Horizon||30 Days Login to change|
|Gemini Ethereum USD|
Gemini Ethereum and HitBTC Ethereum Volatility Contrast
Predicted Return Density
Gemini Ethereum USD vs. HitBTC Ethereum USD
If you would invest 9,293 in HitBTC Ethereum USD on November 18, 2018 and sell it today you would earn a total of 0.00 from holding HitBTC Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Gemini Ethereum and HitBTC Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Gemini Ethereum and HitBTC Ethereum
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Ethereum USD and HitBTC Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Ethereum USD and Gemini 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 Gemini Ethereum USD are associated (or correlated) with HitBTC Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Ethereum USD has no effect on the direction of Gemini Ethereum i.e. Gemini Ethereum and HitBTC Ethereum go up and down completely randomly.