This module allows you to analyze existing cross correlation between Coinbase Ethereum USD and Kraken Ethereum USD. You can compare the effects of market volatilities on Coinbase Ethereum and Kraken 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 Coinbase Ethereum with a short position of Kraken Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Ethereum and Kraken Ethereum.
|Horizon||30 Days Login to change|
|Coinbase Ethereum USD|
Over the last 30 days Coinbase Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of weak performance in the last few months, the Crypto's forward-looking signals remain relatively invariable which may send shares a bit higher in October 2019. The latest agitation may also be a sign of long running up-swing for the entity management.
|Kraken Ethereum USD|
Over the last 30 days Kraken Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Coinbase Ethereum and Kraken Ethereum Volatility Contrast
Coinbase Ethereum USD vs. Kraken Ethereum USD
Assuming 30 trading days horizon, Coinbase Ethereum USD is expected to under-perform the Kraken Ethereum. In addition to that, Coinbase Ethereum is 1.08 times more volatile than Kraken Ethereum USD. It trades about -0.71 of its total potential returns per unit of risk. Kraken Ethereum USD is currently generating about -0.71 per unit of volatility. If you would invest 19,479 in Kraken Ethereum USD on August 17, 2019 and sell it today you would lose (505.00) from holding Kraken Ethereum USD or give up 2.59% of portfolio value over 30 days.
Pair Corralation between Coinbase Ethereum and Kraken Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Coinbase Ethereum and Kraken Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Ethereum USD and Kraken Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Ethereum USD and Coinbase Ethereum 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 Coinbase Ethereum USD are associated (or correlated) with Kraken Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Ethereum USD has no effect on the direction of Coinbase Ethereum i.e. Coinbase Ethereum and Kraken Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.