Correlation Analysis Between Binance ZCash and Kraken ZCash

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

Comparative Performance

Binance ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance ZCash is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
Kraken ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days Kraken ZCash 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.

Binance ZCash and Kraken ZCash Volatility Contrast

Binance ZCash USD  vs.  Kraken ZCash USD

Binance

ZCash on Binance in USD

 0.00 
0.00  0.00%
Market Cap: 7.6 K
  

Kraken

ZCash on Kraken in USD

 52.00 
1.50  2.97%
Market Cap: 3.3 M
(52.00)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Binance ZCash USD on July 27, 2019 and sell it today you would earn a total of  100.00  from holding Binance ZCash USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Binance ZCash and Kraken ZCash

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Binance ZCash and Kraken ZCash

Binance ZCash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Binance ZCash USD and Kraken ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken ZCash USD and Binance ZCash 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 ZCash USD are associated (or correlated) with Kraken ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken ZCash USD has no effect on the direction of Binance ZCash i.e. Binance ZCash and Kraken ZCash go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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