Correlation Analysis Between OKCoin ZCash and Binance ZCash

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

Comparative Performance

OKCoin ZCash USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

OKCoin ZCash and Binance ZCash Volatility Contrast

OKCoin ZCash USD  vs.  Binance ZCash USD

OKCoin

ZCash on OKCoin in USD

 0.00 
0.00  0.00%
Market Cap: 19.3 K
  

Binance

ZCash on Binance in USD

 0.00 
0.00  0.00%
Market Cap: 7.6 K
 0.00 
?% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Binance ZCash USD on July 25, 2019 and sell it today you would earn a total of  100.00  from holding Binance ZCash USD or generate -100.0% return on investment over 30 days.

Pair Corralation between OKCoin ZCash and Binance ZCash

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for OKCoin ZCash and Binance ZCash

OKCoin ZCash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OKCoin ZCash USD and Binance ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance ZCash USD and OKCoin ZCash 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 ZCash USD are associated (or correlated) with Binance ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance ZCash USD has no effect on the direction of OKCoin ZCash i.e. OKCoin ZCash and Binance ZCash go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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