Correlation Analysis Between Bitstamp Bitcoin and Kraken Bitcoin

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

Bitstamp Bitcoin USD  vs.  Kraken Bitcoin USD


Bitcoin on Bitstamp in USD
0.00  0.00%
Market Cap: 360.8 B


Bitcoin on Kraken in USD
70.10  0.95%
Market Cap: 208.7 B
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  671,370  in Kraken Bitcoin USD on June 18, 2018 and sell it today you would earn a total of  72,200  from holding Kraken Bitcoin USD or generate 10.75% return on investment over 30 days.

Pair Corralation between Bitstamp Bitcoin and Kraken Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp 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 Bitstamp 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 Bitstamp 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 Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Kraken Bitcoin go up and down completely randomly.

Comparative Volatility

Bitstamp Bitcoin USD  

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Bitcoin USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.