This module allows you to analyze existing cross correlation between Kraken Monero USD and Coinbase Bitcoin USD. You can compare the effects of market volatilities on Kraken Monero and Coinbase 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 Monero with a short position of Coinbase Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Monero and Coinbase Bitcoin.
|Time Horizon||30 Days Login to change|
Kraken Monero USD vs. Coinbase Bitcoin USD
Assuming 30 trading days horizon, Kraken Monero USD is expected to under-perform the Coinbase Bitcoin. In addition to that, Kraken Monero is 1.25 times more volatile than Coinbase Bitcoin USD. It trades about -0.19 of its total potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.16 per unit of volatility. If you would invest 752,750 in Coinbase Bitcoin USD on May 25, 2018 and sell it today you would lose (135,211) from holding Coinbase Bitcoin USD or give up 17.96% of portfolio value over 30 days.