Correlation Analysis Between Kucoin Ethereum and primexbt Ethereum

This module allows you to analyze existing cross correlation between Kucoin Ethereum USD and primexbt Ethereum USD. You can compare the effects of market volatilities on Kucoin Ethereum and primexbt 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 primexbt Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Kucoin Ethereum and primexbt Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Kucoin Ethereum USD  
00

Risk-Adjusted Performance

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.
primexbt Ethereum USD  
88

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in primexbt Ethereum USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, primexbt Ethereum sustained solid returns over the last few months and may actually be approaching a breakup point.

Kucoin Ethereum and primexbt Ethereum Volatility Contrast

Kucoin Ethereum USD  vs.  primexbt Ethereum USD

Kucoin

Ethereum on Kucoin in USD

 198.86 
0.00  0.00%
Market Cap: 21.4 K
  

primexbt

Ethereum on primexbt in USD

 186.50 
(0.50)  0.27%
Market Cap: 1.8 B
 12.36 
6.22% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in primexbt Ethereum USD on July 22, 2019 and sell it today you would earn a total of  18,594  from holding primexbt Ethereum USD or generate 9.223372036854776E16% return on investment over 30 days.

Pair Corralation between Kucoin Ethereum and primexbt Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.64%
ValuesDaily Returns

Diversification Opportunities for Kucoin Ethereum and primexbt Ethereum

Kucoin Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kucoin Ethereum USD and primexbt Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Ethereum USD has no effect on the direction of Kucoin Ethereum i.e. Kucoin Ethereum and primexbt Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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