Correlation Analysis Between Gemini ZCash and Bitfinex ZCash

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

Gemini ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days Gemini ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini ZCash is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Bitfinex ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex ZCash is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Gemini ZCash and Bitfinex ZCash Volatility Contrast

Gemini ZCash USD  vs.  Bitfinex ZCash USD

Gemini

ZCash on Gemini in USD

 0.00 
0.00  0.00%
Market Cap: 6 M
  

Bitfinex

ZCash on Bitfinex in USD

 0.00 
0.00  0.00%
Market Cap: 13.7 M
 0.00 
?% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Bitfinex ZCash USD on July 26, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex ZCash USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Gemini ZCash and Bitfinex ZCash

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Gemini ZCash and Bitfinex ZCash

Gemini ZCash USD diversification synergy

Pay attention

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