This module allows you to analyze existing cross correlation between P2PB2B Bitcoin USD and Cexio Bitcoin USD. You can compare the effects of market volatilities on P2PB2B Bitcoin and Cexio Bitcoin 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 P2PB2B Bitcoin with a short position of Cexio Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Bitcoin and Cexio Bitcoin.
|Horizon||30 Days Login to change|
|P2PB2B Bitcoin USD|
Over the last 30 days P2PB2B Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Cexio Bitcoin USD|
Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
P2PB2B Bitcoin and Cexio Bitcoin Volatility Contrast
Predicted Return Density
P2PB2B Bitcoin USD vs. Cexio Bitcoin USD
Assuming 30 trading days horizon, P2PB2B Bitcoin USD is expected to generate 0.84 times more return on investment than Cexio Bitcoin. However, P2PB2B Bitcoin USD is 1.2 times less risky than Cexio Bitcoin. It trades about -0.02 of its potential returns per unit of risk. Cexio Bitcoin USD is currently generating about -0.05 per unit of risk. If you would invest 1,131,614 in P2PB2B Bitcoin USD on July 27, 2019 and sell it today you would lose (93,913) from holding P2PB2B Bitcoin USD or give up 8.3% of portfolio value over 30 days.
Pair Corralation between P2PB2B Bitcoin and Cexio Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for P2PB2B Bitcoin and Cexio Bitcoin
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Bitcoin USD and Cexio Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Bitcoin USD and P2PB2B Bitcoin 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 P2PB2B Bitcoin USD are associated (or correlated) with Cexio Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Bitcoin USD has no effect on the direction of P2PB2B Bitcoin i.e. P2PB2B Bitcoin and Cexio Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.