Correlation Analysis Between BitTrex Ethereum and Kraken Monero

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

BitTrex Ethereum Classic USD  vs.  Kraken Monero USD

BitTrex

Ethereum Classic on BitTrex in USD

 9.52 
0.04  0.42%
Market Cap: 11.4 K
  

Kraken

Monero on Kraken in USD

 0.00 
0.00  0.00%
Market Cap: 9.8 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Kraken Monero USD on September 22, 2018 and sell it today you would earn a total of  0.00  from holding Kraken Monero USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BitTrex Ethereum and Kraken Monero

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

BitTrex Ethereum Cla  
0 

Risk-Adjusted Performance

Over the last 30 days BitTrex Ethereum Classic USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Monero USD  
0 

Risk-Adjusted Performance

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

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