Correlation Analysis Between DSX Bitcoin and Kraken Bitcoin

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

DSX Bitcoin USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

DSX Bitcoin and Kraken Bitcoin Volatility Contrast

DSX Bitcoin USD  vs.  Kraken Bitcoin USD

DSX

Bitcoin on DSX in USD

 8,570 
0.00   0.00 
Market Cap: 220 M
  

Kraken

Bitcoin on Kraken in USD

 8,519 
0.00   0.00 
Market Cap: 887.9 B
 51.06 
0.60  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  851,920  in Kraken Bitcoin USD on October 15, 2019 and sell it today you would earn a total of  0.00  from holding Kraken Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between DSX Bitcoin and Kraken Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for DSX Bitcoin and Kraken Bitcoin

DSX Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding DSX 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 DSX 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 DSX 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 DSX Bitcoin i.e. DSX Bitcoin and Kraken Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.


 
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