Correlation Analysis Between P2PB2B Ethereum and Liquid Ethereum

This module allows you to analyze existing cross correlation between P2PB2B Ethereum USD and Liquid Ethereum USD. You can compare the effects of market volatilities on P2PB2B Ethereum and Liquid 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 P2PB2B Ethereum with a short position of Liquid Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Ethereum and Liquid Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

P2PB2B Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Liquid Ethereum USD  
00

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 strong basic indicators, Liquid Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

P2PB2B Ethereum and Liquid Ethereum Volatility Contrast

P2PB2B Ethereum USD  vs.  Liquid Ethereum USD

P2PB2B

Ethereum on P2PB2B in USD

 175.26 
0.00   0.00 
Market Cap: 277.6 M
  

Liquid

Ethereum on Liquid in USD

 173.85 
0.00   0.00 
Market Cap: 60 M
 1.41 
0.80  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  17,190  in Liquid Ethereum USD on September 18, 2019 and sell it today you would earn a total of  0.00  from holding Liquid Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between P2PB2B Ethereum and Liquid Ethereum

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

Diversification Opportunities for P2PB2B Ethereum and Liquid Ethereum

P2PB2B Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Ethereum USD and Liquid Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid Ethereum USD and P2PB2B 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 P2PB2B Ethereum USD are associated (or correlated) with Liquid Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Ethereum USD has no effect on the direction of P2PB2B Ethereum i.e. P2PB2B Ethereum and Liquid Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
Search macroaxis.com