Correlation Analysis Between Liquid Ethereum and BitTrex Ethereum

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

Comparative Performance

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 weak 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.
BitTrex Ethereum USD  
00

Risk-Adjusted Performance

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

Liquid Ethereum and BitTrex Ethereum Volatility Contrast

Liquid Ethereum USD  vs.  BitTrex Ethereum USD

Liquid

Ethereum on Liquid in USD

 206.90 
(3.24)  1.54%
Market Cap: 60 M
  

BitTrex

Ethereum on BitTrex in USD

 207.41 
0.00  0.00%
Market Cap: 75.3 M
(0.51)
0.25% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,741  in BitTrex Ethereum USD on August 23, 2019 and sell it today you would earn a total of  0.00  from holding BitTrex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Liquid Ethereum and BitTrex Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Liquid Ethereum and BitTrex Ethereum

Liquid Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Liquid Ethereum USD and BitTrex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum USD and Liquid 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 Liquid Ethereum USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum USD has no effect on the direction of Liquid Ethereum i.e. Liquid Ethereum and BitTrex Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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