This module allows you to analyze existing cross correlation between Kucoin Ethereum USD and Liquid Ethereum USD. You can compare the effects of market volatilities on Kucoin Ethereum and Liquid 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 Kucoin Ethereum with a short position of Liquid Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Kucoin Ethereum and Liquid Ethereum.
|Horizon||30 Days Login to change|
|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 current stock price disturbance, may contribute to short term losses for the investors.
|Liquid Ethereum USD|
Over the last 30 days Liquid Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Kucoin Ethereum and Liquid Ethereum Volatility Contrast
Kucoin Ethereum USD vs. Liquid Ethereum USD
If you would invest 19,886 in Kucoin Ethereum USD on July 24, 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 Kucoin Ethereum and Liquid Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Kucoin Ethereum and Liquid Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Kucoin Ethereum USD and Liquid Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid Ethereum USD and Kucoin 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 Kucoin Ethereum USD are associated (or correlated) with Liquid Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Ethereum USD has no effect on the direction of Kucoin Ethereum i.e. Kucoin Ethereum and Liquid Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.