Correlation Analysis Between bingcoins Ethereum and Kucoin Ethereum

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

Comparative Performance

bingcoins Ethereum USD  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in bingcoins Ethereum USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, bingcoins Ethereum layed out solid returns over the last few months and may actually be approaching a breakup point.
Kucoin Ethereum USD  
00

Risk-Adjusted Performance

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

bingcoins Ethereum and Kucoin Ethereum Volatility Contrast

bingcoins Ethereum USD  vs.  Kucoin Ethereum USD

bingcoins

Ethereum on bingcoins in USD

 187.91 
(8.51)  4.33%
Market Cap: 18.8 M
  

Kucoin

Ethereum on Kucoin in USD

 193.39 
0.00  0.00%
Market Cap: 21.4 K
(5.48)
2.92% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in bingcoins Ethereum USD on July 25, 2019 and sell it today you would earn a total of  19,642  from holding bingcoins Ethereum USD or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between bingcoins Ethereum and Kucoin Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.67%
ValuesDaily Returns

Diversification Opportunities for bingcoins Ethereum and Kucoin Ethereum

bingcoins Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding bingcoins Ethereum USD and Kucoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kucoin Ethereum USD and bingcoins 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 bingcoins Ethereum USD are associated (or correlated) with Kucoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kucoin Ethereum USD has no effect on the direction of bingcoins Ethereum i.e. bingcoins Ethereum and Kucoin Ethereum go up and down completely randomly.
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