Correlation Analysis Between Kraken Bitcoin and Coinroom Bitcoin

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

Kraken Bitcoin USD  vs.  Coinroom Bitcoin USD


Bitcoin on Kraken in USD
0.00  0.00%
Market Cap: 208.7 B


Bitcoin on Coinroom in USD
911.53  14.58%
Market Cap: 10.5 B
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  660,701  in Coinroom Bitcoin USD on June 18, 2018 and sell it today you would earn a total of  55,579  from holding Coinroom Bitcoin USD or generate 8.41% return on investment over 30 days.

Pair Corralation between Kraken Bitcoin and Coinroom Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Kraken Bitcoin USD  

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.
Coinroom Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom Bitcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.