This module allows you to analyze existing cross correlation between Kraken Ethereum USD and Coinbase Ethereum USD. You can compare the effects of market volatilities on Kraken Ethereum and Coinbase 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 Coinbase Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Kraken Ethereum
and Coinbase Ethereum
Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Ethereum USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Coinbase Ethereum USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Kraken Ethereum and Coinbase Ethereum Volatility Contrast
Kraken Ethereum USD vs. Coinbase Ethereum USD
Assuming 30 trading days horizon, Kraken Ethereum USD is expected to generate 1.07 times more return on investment than Coinbase Ethereum. However, Kraken Ethereum is 1.07 times more volatile than Coinbase Ethereum USD. It trades about 0.02 of its potential returns per unit of risk. Coinbase Ethereum USD is currently generating about 0.02 per unit of risk. If you would invest 12,289 in Kraken Ethereum USD on December 22, 2018 and sell it today you would lose (709.00) from holding Kraken Ethereum USD or give up 5.77% of portfolio value over 30 days.
Pair Corralation between Kraken Ethereum and Coinbase Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Kraken Ethereum and Coinbase Ethereum
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Kraken Ethereum USD and Coinbase Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase 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 Coinbase Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Ethereum USD has no effect on the direction of Kraken Ethereum i.e. Kraken Ethereum and Coinbase Ethereum go up and down completely randomly.