This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Kraken Monero USD. You can compare the effects of market volatilities on Coinbase Bitcoin 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 Coinbase Bitcoin with a short position of Kraken Monero. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Kraken Monero.
|Time Horizon||30 Days Login to change|
Coinbase Bitcoin USD vs. Kraken Monero USD
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to generate 0.84 times more return on investment than Kraken Monero. However, Coinbase Bitcoin USD is 1.19 times less risky than Kraken Monero. It trades about -0.17 of its potential returns per unit of risk. Kraken Monero USD is currently generating about -0.26 per unit of risk. If you would invest 752,750 in Coinbase Bitcoin USD on May 25, 2018 and sell it today you would lose (141,358) from holding Coinbase Bitcoin USD or give up 18.78% of portfolio value over 30 days.