Correlation Analysis Between SingularityX Ethereum and BCEX Ethereum

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

Comparative Performance

SingularityX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days SingularityX Ethereum 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.
BCEX Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.

SingularityX Ethereum and BCEX Ethereum Volatility Contrast

SingularityX Ethereum USD  vs.  BCEX Ethereum USD

SingularityX

Ethereum on SingularityX in USD

 215.46 
(37.88)  14.95%
Market Cap: 15.7 M
  

BCEX

Ethereum on BCEX in USD

 841.41 
0.00  0.00%
Market Cap: 55.2 M
(625.95)
290.52% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  84,141  in BCEX Ethereum USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding BCEX Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between SingularityX Ethereum and BCEX Ethereum

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

Diversification Opportunities for SingularityX Ethereum and BCEX Ethereum

SingularityX Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding SingularityX Ethereum USD and BCEX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BCEX Ethereum USD and SingularityX 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 SingularityX Ethereum USD are associated (or correlated) with BCEX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCEX Ethereum USD has no effect on the direction of SingularityX Ethereum i.e. SingularityX Ethereum and BCEX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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