This module allows you to analyze existing cross correlation between Kraken Ethereum USD and Bitfinex Ethereum USD. You can compare the effects of market volatilities on Kraken Ethereum and Bitfinex 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 Kraken Ethereum with a short position of Bitfinex Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Ethereum and Bitfinex Ethereum.
|Time Horizon||30 Days Login to change|
Kraken Ethereum USD vs. Bitfinex Ethereum USD
Assuming 30 trading days horizon, Kraken Ethereum USD is expected to under-perform the Bitfinex Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, Kraken Ethereum USD is 1.04 times less risky than Bitfinex Ethereum. The crypto trades about -0.04 of its potential returns per unit of risk. The Bitfinex Ethereum USD is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 58,977 in Bitfinex Ethereum USD on May 22, 2018 and sell it today you would lose (4,777) from holding Bitfinex Ethereum USD or give up 8.1% of portfolio value over 30 days.