Correlation Analysis Between OKCoin Ethereum and Coinbase Ethereum

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

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 current stock price disturbance, may contribute to short term losses for the investors.
Coinbase Ethereum USD  
00

Risk-Adjusted Performance

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

OKCoin Ethereum and Coinbase Ethereum Volatility Contrast

OKCoin Ethereum USD  vs.  Coinbase Ethereum USD

OKCoin

Ethereum on OKCoin in USD

 207.12 
0.00  0.00%
Market Cap: 2.1 M
  

Coinbase

Ethereum on Coinbase in USD

 207.40 
0.00  0.00%
Market Cap: 2 B
(0.28)
0.14% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,740  in Coinbase Ethereum USD on August 23, 2019 and sell it today you would earn a total of  0.00  from holding Coinbase Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between OKCoin Ethereum and Coinbase Ethereum

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

Diversification Opportunities for OKCoin Ethereum and Coinbase 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 Coinbase Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase 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 Coinbase Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Ethereum USD has no effect on the direction of OKCoin Ethereum i.e. OKCoin Ethereum and Coinbase Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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