Correlation Analysis Between Exmo Ethereum and Kucoin Ethereum

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

Comparative Performance

Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in September 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.
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 current stock price disturbance, may contribute to short term losses for the investors.

Exmo Ethereum and Kucoin Ethereum Volatility Contrast

Exmo Ethereum USD  vs.  Kucoin Ethereum USD

Exmo

Ethereum on Exmo in USD

 198.00 
8.11  4.27%
Market Cap: 79.6 M
  

Kucoin

Ethereum on Kucoin in USD

 198.86 
0.00  0.00%
Market Cap: 21.4 K
(0.86)
0.43% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,886  in Kucoin Ethereum USD on July 23, 2019 and sell it today you would earn a total of  0.00  from holding Kucoin Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and Kucoin Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification Opportunities for Exmo Ethereum and Kucoin Ethereum

Exmo Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo 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 Exmo 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 Exmo 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 Exmo Ethereum i.e. Exmo Ethereum and Kucoin Ethereum go up and down completely randomly.
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