Correlation Analysis Between HuobiPro Ethereum and Liquid Ethereum

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

Comparative Performance

HuobiPro Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days HuobiPro Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, HuobiPro Ethereum is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
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 somewhat strong basic indicators, Liquid Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

HuobiPro Ethereum and Liquid Ethereum Volatility Contrast

HuobiPro Ethereum USD  vs.  Liquid Ethereum USD

HuobiPro

Ethereum on HuobiPro in USD

 204.32 
0.00  0.00%
Market Cap: 5.2 M
  

Liquid

Ethereum on Liquid in USD

 219.00 
0.00  0.00%
Market Cap: 60 M
(14.68)
7.18% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Liquid Ethereum USD on August 21, 2019 and sell it today you would earn a total of  100.00  from holding Liquid Ethereum USD or generate -100.0% return on investment over 30 days.

Pair Corralation between HuobiPro Ethereum and Liquid Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for HuobiPro Ethereum and Liquid Ethereum

HuobiPro Ethereum USD diversification synergy

Pay attention

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