Correlation Analysis Between HitBTC ZCoin and Exmo Ethereum

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

HitBTC ZCoin USD  
00

Risk-Adjusted Performance

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

HitBTC ZCoin and Exmo Ethereum Volatility Contrast

HitBTC ZCoin USD  vs.  Exmo Ethereum USD

HitBTC

ZCoin on HitBTC in USD

 0.00 
0.00  0.00%
Market Cap: 10.2 K
  

Exmo

Ethereum on Exmo in USD

 219.22 
0.00  0.00%
Market Cap: 126.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,922  in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding Exmo Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between HitBTC ZCoin and Exmo Ethereum

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

Diversification Opportunities for HitBTC ZCoin and Exmo Ethereum

HitBTC ZCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding HitBTC ZCoin USD and Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum USD and HitBTC ZCoin 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 HitBTC ZCoin USD are associated (or correlated) with Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of HitBTC ZCoin i.e. HitBTC ZCoin and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.


 
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