This module allows you to analyze existing cross correlation between Exmo Monero USD and coinfield DigiByte USD. You can compare the effects of market volatilities on Exmo Monero and coinfield DigiByte 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 Monero with a short position of coinfield DigiByte. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Monero and coinfield DigiByte.
|Horizon||30 Days Login to change|
|Exmo Monero USD|
Over the last 30 days Exmo Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Exmo Monero is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
|coinfield DigiByte USD|
Over the last 30 days coinfield DigiByte USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, coinfield DigiByte is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
Exmo Monero and coinfield DigiByte Volatility Contrast
Exmo Monero USD vs. coinfield DigiByte USD
If you would invest 0.00 in coinfield DigiByte USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding coinfield DigiByte USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Exmo Monero and coinfield DigiByte
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Monero and coinfield DigiByte
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Monero USD and coinfield DigiByte USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield DigiByte USD and Exmo Monero 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 Monero USD are associated (or correlated) with coinfield DigiByte. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield DigiByte USD has no effect on the direction of Exmo Monero i.e. Exmo Monero and coinfield DigiByte go up and down completely randomly.
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