This module allows you to analyze existing cross correlation between CCEX BitZeny USD and Kraken ZCash USD. You can compare the effects of market volatilities on CCEX BitZeny 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 CCEX BitZeny with a short position of Kraken ZCash. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX BitZeny
and Kraken ZCash
CCEX BitZeny USD vs Kraken ZCash USD
Assuming 30 trading days horizon, CCEX BitZeny USD is expected to generate 50.67 times more return on investment than Kraken ZCash. However, CCEX BitZeny is 50.67 times more volatile than Kraken ZCash USD. It trades about 0.24 of its potential returns per unit of risk. Kraken ZCash USD is currently generating about 0.17 per unit of risk. If you would invest 2.57 in CCEX BitZeny USD on November 11, 2017 and sell it today you would earn a total of 40.26 from holding CCEX BitZeny USD or generate 1566.54% return on investment over 30 days.
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Overlapping area represents the amount of risk that can be diversified away by holding CCEX BitZeny 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 CCEX BitZeny 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 CCEX BitZeny 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 CCEX BitZeny i.e. CCEX BitZeny and Kraken ZCash go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BitZeny USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Kraken ZCash USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.