Correlation Analysis Between P2PB2B Stellar and OKCoin Bitcoin

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

Comparative Performance

P2PB2B Stellar USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days OKCoin 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 October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

P2PB2B Stellar and OKCoin Bitcoin Volatility Contrast

P2PB2B Stellar USD  vs.  OKCoin Bitcoin USD

P2PB2B

Stellar on P2PB2B in USD

 0.07 
0.00004  0.06%
Market Cap: 1 M
  

OKCoin

Bitcoin on OKCoin in USD

 10,039 
(60.67)  0.60%
Market Cap: 29.2 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  7.23  in P2PB2B Stellar USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding P2PB2B Stellar USD or generate 0.0% return on investment over 30 days.

Pair Corralation between P2PB2B Stellar and OKCoin Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for P2PB2B Stellar and OKCoin Bitcoin

P2PB2B Stellar USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Stellar USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin USD and P2PB2B Stellar 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 Stellar USD are associated (or correlated) with OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of P2PB2B Stellar i.e. P2PB2B Stellar and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.


 
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