This module allows you to analyze existing cross correlation between EXRATES Dogecoin USD and Exmo Monero USD. You can compare the effects of market volatilities on EXRATES Dogecoin and Exmo Monero 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 EXRATES Dogecoin with a short position of Exmo Monero. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Dogecoin and Exmo Monero.
|Horizon||30 Days Login to change|
|EXRATES Dogecoin USD|
Over the last 30 days EXRATES Dogecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Dogecoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
|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.
EXRATES Dogecoin and Exmo Monero Volatility Contrast
EXRATES Dogecoin USD vs. Exmo Monero USD
If you would invest 7,409 in Exmo Monero USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding Exmo Monero USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Dogecoin and Exmo Monero
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Dogecoin and Exmo Monero
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Dogecoin USD and Exmo Monero USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Monero USD and EXRATES Dogecoin 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 EXRATES Dogecoin USD are associated (or correlated) with Exmo Monero. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Monero USD has no effect on the direction of EXRATES Dogecoin i.e. EXRATES Dogecoin and Exmo Monero go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.