This module allows you to analyze existing cross correlation between Bitfinex Golem Network Token USD and EXRATES EDC Blockchain USD. You can compare the effects of market volatilities on Bitfinex Golem and EXRATES EDC 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 Bitfinex Golem with a short position of EXRATES EDC. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Golem and EXRATES EDC.
|Horizon||30 Days Login to change|
|Bitfinex Golem Network|
Over the last 30 days Bitfinex Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Golem is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|EXRATES EDC Blockchain|
Over the last 30 days EXRATES EDC Blockchain USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES EDC is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
Bitfinex Golem and EXRATES EDC Volatility Contrast
Bitfinex Golem Network Token U vs. EXRATES EDC Blockchain USD
If you would invest (100.00) in EXRATES EDC Blockchain USD on August 21, 2019 and sell it today you would earn a total of 100.00 from holding EXRATES EDC Blockchain USD or generate -100.0% return on investment over 30 days.
Pair Corralation between Bitfinex Golem and EXRATES EDC
|Time Period||3 Months [change]|
Diversification Opportunities for Bitfinex Golem and EXRATES EDC
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Golem Network Token U and EXRATES EDC Blockchain USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES EDC Blockchain and Bitfinex Golem 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 Bitfinex Golem Network Token USD are associated (or correlated) with EXRATES EDC. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES EDC Blockchain has no effect on the direction of Bitfinex Golem i.e. Bitfinex Golem and EXRATES EDC go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.