Correlation Analysis Between CryptoCarbon CryptoCarbon and Bitfinex NEO

This module allows you to analyze existing cross correlation between CryptoCarbon CryptoCarbon USD and Bitfinex NEO USD. You can compare the effects of market volatilities on CryptoCarbon CryptoCarbon and Bitfinex NEO 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 CryptoCarbon CryptoCarbon with a short position of Bitfinex NEO. See also your portfolio center. Please also check ongoing floating volatility patterns of CryptoCarbon CryptoCarbon and Bitfinex NEO.
Horizon     30 Days    Login   to change
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Comparative Performance

CryptoCarbon CryptoCarbon  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days Bitfinex NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex NEO is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.

CryptoCarbon CryptoCarbon and Bitfinex NEO Volatility Contrast

CryptoCarbon CryptoCarbon USD  vs.  Bitfinex NEO USD

CryptoCarbon

CryptoCarbon on CryptoCarbon in USD

 0.05 
0.00  0.00%
Market Cap: 161
  

Bitfinex

NEO on Bitfinex in USD

 9.59 
0.003  0.0313%
Market Cap: 618.9 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5.04  in CryptoCarbon CryptoCarbon USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding CryptoCarbon CryptoCarbon USD or generate 0.0% return on investment over 30 days.

Pair Corralation between CryptoCarbon CryptoCarbon and Bitfinex NEO

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

Diversification Opportunities for CryptoCarbon CryptoCarbon and Bitfinex NEO

CryptoCarbon CryptoCarbon USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CryptoCarbon CryptoCarbon USD and Bitfinex NEO USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex NEO USD and CryptoCarbon CryptoCarbon 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 CryptoCarbon CryptoCarbon USD are associated (or correlated) with Bitfinex NEO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex NEO USD has no effect on the direction of CryptoCarbon CryptoCarbon i.e. CryptoCarbon CryptoCarbon and Bitfinex NEO go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
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