Correlation Analysis Between OKCoin Ethereum and Bitforex Ethereum

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

OKCoin Ethereum USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

OKCoin Ethereum and Bitforex Ethereum Volatility Contrast

OKCoin Ethereum USD  vs.  Bitforex Ethereum USD

OKCoin

Ethereum on OKCoin in USD

 218.20 
0.00  0.00%
Market Cap: 2.1 M
  

Bitforex

Ethereum on Bitforex in USD

 204.50 
0.00  0.00%
Market Cap: 6.6 M
 13.70 
6.28% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,450  in Bitforex Ethereum USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding Bitforex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between OKCoin Ethereum and Bitforex Ethereum

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

Diversification Opportunities for OKCoin Ethereum and Bitforex Ethereum

OKCoin Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Ethereum USD and Bitforex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitforex Ethereum USD and OKCoin 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 OKCoin Ethereum USD are associated (or correlated) with Bitforex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitforex Ethereum USD has no effect on the direction of OKCoin Ethereum i.e. OKCoin Ethereum and Bitforex Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
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