Correlation Analysis Between Exmo Ethereum and Kraken Ethereum

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

Exmo Ethereum USD  vs.  Kraken Ethereum USD

Exmo

Ethereum on Exmo in USD
 0.00 
0.00  0.00%
Market Cap: 504.4 M
  

Kraken

Ethereum on Kraken in USD
 445.90 
1.08  0.24%
Market Cap: 7.5 B
(445.90)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Exmo Ethereum USD on June 20, 2018 and sell it today you would earn a total of  0.00  from holding Exmo Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and Kraken Ethereum

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and Kraken Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Ethereum USD and Exmo 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 Exmo Ethereum USD are associated (or correlated) with Kraken Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Ethereum USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and Kraken Ethereum go up and down completely randomly.

Comparative Volatility

Exmo Ethereum USD  
0 

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Ethereum USD  
0 

Risk-Adjusted Performance

Over the last 30 days Kraken Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1184.91

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.


 
vendors/bower_components/jquery.easy-pie-chart/dist/jquery.easypiechart.min.js">