Correlation Analysis Between Gemini Ethereum and Liquid Ethereum

This module allows you to analyze existing cross correlation between Gemini Ethereum USD and Liquid Ethereum USD. You can compare the effects of market volatilities on Gemini Ethereum and Liquid 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 Liquid Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Ethereum and Liquid Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Gemini Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Gemini 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.
Liquid Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Liquid 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.

Gemini Ethereum and Liquid Ethereum Volatility Contrast

Gemini Ethereum USD  vs.  Liquid Ethereum USD

Gemini

Ethereum on Gemini in USD

 215.09 
(3.26)  1.49%
Market Cap: 602.1 K
  

Liquid

Ethereum on Liquid in USD

 215.16 
(2.83)  1.30%
Market Cap: 60 M
(0.07)
0.032545% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Gemini Ethereum USD is expected to generate 0.73 times more return on investment than Liquid Ethereum. However, Gemini Ethereum USD is 1.37 times less risky than Liquid Ethereum. It trades about -0.71 of its potential returns per unit of risk. Liquid Ethereum USD is currently generating about -0.71 per unit of risk. If you would invest  21,835  in Gemini Ethereum USD on August 22, 2019 and sell it today you would lose (207.00)  from holding Gemini Ethereum USD or give up 0.95% of portfolio value over 30 days.

Pair Corralation between Gemini Ethereum and Liquid Ethereum

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

Diversification Opportunities for Gemini Ethereum and Liquid Ethereum

Gemini Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Gemini Ethereum USD and Liquid Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Ethereum USD has no effect on the direction of Gemini Ethereum i.e. Gemini Ethereum and Liquid Ethereum go up and down completely randomly.
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