This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Kucoin Ethereum USD. You can compare the effects of market volatilities on Gemini Bitcoin 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 Gemini Bitcoin with a short position of Kucoin Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Kucoin Ethereum.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat weak basic indicators, Gemini Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Kucoin Ethereum USD|
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 prevalent stock price disturbance, may contribute to short term losses for the investors.
Gemini Bitcoin and Kucoin Ethereum Volatility Contrast
Gemini Bitcoin USD vs. Kucoin Ethereum USD
If you would invest 989,104 in Gemini Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 15,733 from holding Gemini Bitcoin USD or generate 1.59% return on investment over 30 days.
Pair Corralation between Gemini Bitcoin and Kucoin Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Kucoin Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin 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 Gemini 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 Gemini Bitcoin 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 Gemini Bitcoin i.e. Gemini Bitcoin and Kucoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.