Correlation Analysis Between P2PB2B Stellar and Bitfinex NEO

This module allows you to analyze existing cross correlation between P2PB2B Stellar USD and Bitfinex NEO USD. You can compare the effects of market volatilities on P2PB2B Stellar and Bitfinex NEO 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 P2PB2B Stellar with a short position of Bitfinex NEO. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Stellar and Bitfinex NEO.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

P2PB2B Stellar USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Stellar is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Bitfinex NEO USD  
00

Risk-Adjusted Performance

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

P2PB2B Stellar and Bitfinex NEO Volatility Contrast

P2PB2B Stellar USD  vs.  Bitfinex NEO USD

P2PB2B

Stellar on P2PB2B in USD

 0.06 
0.00  0.00%
Market Cap: 1 M
  

Bitfinex

NEO on Bitfinex in USD

 9.11 
0.004  0.0439%
Market Cap: 618.9 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  910.60  in Bitfinex NEO USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex NEO USD or generate 0.0% return on investment over 30 days.

Pair Corralation between P2PB2B Stellar and Bitfinex NEO

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

Diversification Opportunities for P2PB2B Stellar and Bitfinex NEO

P2PB2B Stellar USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Stellar USD and Bitfinex NEO USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex NEO USD and P2PB2B Stellar 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 P2PB2B Stellar USD are associated (or correlated) with Bitfinex NEO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex NEO USD has no effect on the direction of P2PB2B Stellar i.e. P2PB2B Stellar and Bitfinex NEO go up and down completely randomly.
See also your portfolio center. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.


 
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