Correlation Between Staked Ether and Big Time
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By analyzing existing cross correlation between Staked Ether and Big Time, you can compare the effects of market volatilities on Staked Ether and Big Time 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 Staked Ether with a short position of Big Time. Check out your portfolio center. Please also check ongoing floating volatility patterns of Staked Ether and Big Time.
Diversification Opportunities for Staked Ether and Big Time
0.88 | Correlation Coefficient |
Very poor diversification
The 3 months correlation between Staked and Big is 0.88. Overlapping area represents the amount of risk that can be diversified away by holding Staked Ether and Big Time in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Big Time and Staked Ether 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 Staked Ether are associated (or correlated) with Big Time. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Big Time has no effect on the direction of Staked Ether i.e., Staked Ether and Big Time go up and down completely randomly.
Pair Corralation between Staked Ether and Big Time
Assuming the 90 days trading horizon Staked Ether is expected to generate 0.54 times more return on investment than Big Time. However, Staked Ether is 1.84 times less risky than Big Time. It trades about -0.03 of its potential returns per unit of risk. Big Time is currently generating about -0.13 per unit of risk. If you would invest 310,992 in Staked Ether on November 18, 2024 and sell it today you would lose (41,690) from holding Staked Ether or give up 13.41% of portfolio value over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Staked Ether vs. Big Time
Performance |
| Timeline |
| Staked Ether |
| Big Time |
Staked Ether and Big Time Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Staked Ether and Big Time
The main advantage of trading using opposite Staked Ether and Big Time positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Staked Ether position performs unexpectedly, Big Time can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Big Time will offset losses from the drop in Big Time's long position.| Staked Ether vs. Cronos | Staked Ether vs. Wrapped Bitcoin | Staked Ether vs. Monero | Staked Ether vs. Tether |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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