Correlation Analysis Between Liquid Ethereum and Gemini Ethereum

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

Liquid Ethereum USD  
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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 fragile basic indicators, Liquid Ethereum sustained solid returns over the last few months and may actually be approaching a breakup point.
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 somewhat fragile basic indicators, Gemini Ethereum sustained solid returns over the last few months and may actually be approaching a breakup point.

Liquid Ethereum and Gemini Ethereum Volatility Contrast

Liquid Ethereum USD  vs.  Gemini Ethereum USD

Liquid

Ethereum on Liquid in USD

 222.95 
19.01  9.32%
Market Cap: 60 M
  

Gemini

Ethereum on Gemini in USD

 219.94 
14.34  6.97%
Market Cap: 602.1 K
 3.01 
1.35% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Liquid Ethereum USD is expected to generate 1.56 times more return on investment than Gemini Ethereum. However, Liquid Ethereum is 1.56 times more volatile than Gemini Ethereum USD. It trades about 0.71 of its potential returns per unit of risk. Gemini Ethereum USD is currently generating about 0.71 per unit of risk. If you would invest  20,394  in Liquid Ethereum USD on August 20, 2019 and sell it today you would earn a total of  1,901  from holding Liquid Ethereum USD or generate 9.32% return on investment over 30 days.

Pair Corralation between Liquid Ethereum and Gemini Ethereum

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

Diversification Opportunities for Liquid Ethereum and Gemini 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 Gemini Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini 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 Gemini Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Ethereum USD has no effect on the direction of Liquid Ethereum i.e. Liquid Ethereum and Gemini Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.


 
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