This module allows you to analyze existing cross correlation between EXRATES Bitcoin USD and Kraken Bitcoin USD. You can compare the effects of market volatilities on EXRATES Bitcoin and Kraken Bitcoin 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 EXRATES Bitcoin with a short position of Kraken Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of EXRATES Bitcoin and Kraken Bitcoin.
|Horizon||30 Days Login to change|
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
|Kraken Bitcoin USD|
Over the last 30 days Kraken Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.
EXRATES Bitcoin and Kraken Bitcoin Volatility Contrast
EXRATES Bitcoin USD vs. Kraken Bitcoin USD
If you would invest 1,034,065 in EXRATES Bitcoin USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding EXRATES Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between EXRATES Bitcoin and Kraken Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for EXRATES Bitcoin and Kraken Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Bitcoin USD and Kraken Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Bitcoin USD and EXRATES Bitcoin 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 EXRATES Bitcoin USD are associated (or correlated) with Kraken Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Bitcoin USD has no effect on the direction of EXRATES Bitcoin i.e. EXRATES Bitcoin and Kraken Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.