Correlation Analysis Between EXRATES EDC and Exmo NEM

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

Comparative Performance

EXRATES EDC Blockchain  
00

Risk-Adjusted Performance

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.
Exmo NEM USD  
00

Risk-Adjusted Performance

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

EXRATES EDC and Exmo NEM Volatility Contrast

EXRATES EDC Blockchain USD  vs.  Exmo NEM USD

EXRATES

EDC Blockchain on EXRATES in USD

 0.005598 
0.00  0.00%
Market Cap: 3.3 K
  

Exmo

NEM on Exmo in USD

 0.04701 
0.00  0.00%
Market Cap: 7.6 K
 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between EXRATES EDC and Exmo NEM

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for EXRATES EDC and Exmo NEM

EXRATES EDC Blockchain USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EXRATES EDC Blockchain USD and Exmo NEM USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo NEM USD and EXRATES EDC 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 EDC Blockchain USD are associated (or correlated) with Exmo NEM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo NEM USD has no effect on the direction of EXRATES EDC i.e. EXRATES EDC and Exmo NEM go up and down completely randomly.
See also your portfolio center. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.


 
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