Quoine NEO USD vs. Cexio Ethereum USD
Assuming 30 trading days horizon, Quoine NEO USD is expected to under-perform the Cexio Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, Quoine NEO USD is 1.36 times less risky than Cexio Ethereum. The crypto trades about -0.39 of its potential returns per unit of risk. The Cexio Ethereum USD is currently generating about -0.12 of returns per unit of risk over similar time horizon. If you would invest 65,542 in Cexio Ethereum USD on May 21, 2018 and sell it today you would lose (13,258) from holding Cexio Ethereum USD or give up 20.23% of portfolio value over 30 days.
Pair Corralation between Quoine NEO and Cexio Ethereum
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Quoine NEO USD and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Ethereum USD and Quoine NEO 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 Quoine NEO USD are associated (or correlated) with Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Quoine NEO i.e. Quoine NEO and Cexio Ethereum go up and down completely randomly.
Over the last 30 days Quoine NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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