Correlation Analysis Between Kraken Ethereum and BitTrex Ethereum

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

Kraken Ethereum USD  
00

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. Despite somewhat strong basic indicators, Kraken Ethereum is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
BitTrex Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days BitTrex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Kraken Ethereum and BitTrex Ethereum Volatility Contrast

Kraken Ethereum USD  vs.  BitTrex Ethereum USD

Kraken

Ethereum on Kraken in USD

 0.00 
0.00  0.00%
Market Cap: 994.3 M
  

BitTrex

Ethereum on BitTrex in USD

 216.07 
0.00  0.00%
Market Cap: 75.3 M
(216.07)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,607  in BitTrex Ethereum USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding BitTrex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Kraken Ethereum and BitTrex Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Kraken Ethereum and BitTrex Ethereum

Kraken Ethereum USD diversification synergy

Pay attention

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