This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Kraken Bitcoin USD. You can compare the effects of market volatilities on Coinbase Bitcoin and Kraken Bitcoin 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 Coinbase Bitcoin with a short position of Kraken Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Kraken Bitcoin.
|Time Horizon||30 Days Login to change|
Coinbase Bitcoin USD vs. Kraken Bitcoin USD
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the Kraken Bitcoin. In addition to that, Coinbase Bitcoin is 1.02 times more volatile than Kraken Bitcoin USD. It trades about -0.2 of its total potential returns per unit of risk. Kraken Bitcoin USD is currently generating about -0.18 per unit of volatility. If you would invest 733,000 in Kraken Bitcoin USD on May 25, 2018 and sell it today you would lose (139,610) from holding Kraken Bitcoin USD or give up 19.05% of portfolio value over 30 days.