Correlation Analysis Between Kraken Ethereum and OKCoin Ethereum

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

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 prevalent stock price disturbance, may contribute to short term losses for the investors.
OKCoin Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin 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 OKCoin Ethereum Volatility Contrast

Kraken Ethereum USD  vs.  OKCoin Ethereum USD

Kraken

Ethereum on Kraken in USD

 215.71 
(1.95)  0.90%
Market Cap: 994.3 M
  

OKCoin

Ethereum on OKCoin in USD

 214.83 
(2.78)  1.28%
Market Cap: 2.1 M
 0.88 
0.41% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  21,761  in OKCoin Ethereum USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding OKCoin Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Kraken Ethereum and OKCoin Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Kraken Ethereum and OKCoin 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 OKCoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin 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 OKCoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Ethereum USD has no effect on the direction of Kraken Ethereum i.e. Kraken Ethereum and OKCoin Ethereum go up and down completely randomly.
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