Correlation Analysis Between Exmo Ethereum and Bitfinex Golem

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

Comparative Performance

Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
Bitfinex Golem Network  
00

Risk-Adjusted Performance

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.

Exmo Ethereum and Bitfinex Golem Volatility Contrast

Exmo Ethereum USD  vs.  Bitfinex Golem Network Token U

Exmo

Ethereum on Exmo in USD

 223.16 
0.00  0.00%
Market Cap: 126.4 M
  

Bitfinex

Golem Network Token on Bitfinex in USD

 0.06 
0.00  0.00%
Market Cap: 276
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Bitfinex Golem Network Token USD on August 21, 2019 and sell it today you would earn a total of  100.00  from holding Bitfinex Golem Network Token USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and Bitfinex Golem

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Exmo Ethereum and Bitfinex Golem

Exmo Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Bitfinex Golem Network Token U in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Golem Network and Exmo 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 Exmo Ethereum USD are associated (or correlated) with Bitfinex Golem. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Golem Network has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Bitfinex Golem go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
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