Correlation Analysis Between Kraken Ethereum and BCEX Ethereum

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

Comparative Performance

Kraken Ethereum USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The current stock price uproar, may contribute to short horizon losses for the leadership.

Kraken Ethereum and BCEX Ethereum Volatility Contrast

Kraken Ethereum USD  vs.  BCEX Ethereum USD

Kraken

Ethereum on Kraken in USD

 188.36 
0.00  0.00%
Market Cap: 994.3 M
  

BCEX

Ethereum on BCEX in USD

 0.00 
0.00  0.00%
Market Cap: 55.2 M
 188.36 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between Kraken Ethereum and BCEX Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Kraken Ethereum and BCEX Ethereum

Kraken Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kraken Ethereum USD and BCEX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BCEX Ethereum USD and Kraken 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 Kraken Ethereum USD are associated (or correlated) with BCEX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCEX Ethereum USD has no effect on the direction of Kraken Ethereum i.e. Kraken Ethereum and BCEX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.


 
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