Correlation Analysis Between P2PB2B Stellar and Exmo Ethereum

This module allows you to analyze existing cross correlation between P2PB2B Stellar USD and Exmo Ethereum USD. You can compare the effects of market volatilities on P2PB2B Stellar 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 P2PB2B Stellar with a short position of Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Stellar and Exmo Ethereum.
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.
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 current stock price uproar, may contribute to short horizon losses for the leadership.

P2PB2B Stellar and Exmo Ethereum Volatility Contrast

P2PB2B Stellar USD  vs.  Exmo Ethereum USD

P2PB2B

Stellar on P2PB2B in USD

 0.06 
0.00  0.00%
Market Cap: 1 M
  

Exmo

Ethereum on Exmo in USD

 190.61 
0.00  0.00%
Market Cap: 126.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  18,941  in Exmo Ethereum USD on August 16, 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 P2PB2B Stellar and Exmo Ethereum

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

Diversification Opportunities for P2PB2B Stellar and Exmo Ethereum

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 Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum 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 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 P2PB2B Stellar i.e. P2PB2B Stellar and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Premium Stories module to follow macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.


 
Search macroaxis.com