Correlation Analysis Between Binance Ethereum and Kucoin Ethereum

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

Comparative Performance

Binance Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Ethereum is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
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 prevalent stock price disturbance, may contribute to short term losses for the investors.

Binance Ethereum and Kucoin Ethereum Volatility Contrast

Binance Ethereum USD  vs.  Kucoin Ethereum USD

Binance

Ethereum on Binance in USD

 203.81 
0.00  0.00%
Market Cap: 626.4 K
  

Kucoin

Ethereum on Kucoin in USD

 204.35 
0.00  0.00%
Market Cap: 28.9 K
(0.54)
0.26% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,435  in Kucoin Ethereum USD on August 22, 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 Binance Ethereum and Kucoin Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Binance Ethereum and Kucoin Ethereum

Binance Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Binance Ethereum USD and Kucoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kucoin Ethereum USD and Binance 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 Binance Ethereum USD are associated (or correlated) with Kucoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kucoin Ethereum USD has no effect on the direction of Binance Ethereum i.e. Binance Ethereum and Kucoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
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