This module allows you to analyze existing cross correlation between Kucoin Ethereum USD and Exenium Ethereum USD. You can compare the effects of market volatilities on Kucoin Ethereum and Exenium 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 Kucoin Ethereum with a short position of Exenium Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Kucoin Ethereum and Exenium Ethereum.
|Horizon||30 Days Login to change|
|Kucoin Ethereum USD|
Over the last 30 days Kucoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Kucoin Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Exenium Ethereum USD|
Over the last 30 days Exenium Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably fragile technical indicators, Exenium Ethereum revealed solid returns over the last few months and may actually be approaching a breakup point.
Kucoin Ethereum and Exenium Ethereum Volatility Contrast
Kucoin Ethereum USD vs. Exenium Ethereum USD
If you would invest 20,117 in Exenium Ethereum USD on August 20, 2019 and sell it today you would earn a total of 1,413 from holding Exenium Ethereum USD or generate 7.02% return on investment over 30 days.
Pair Corralation between Kucoin Ethereum and Exenium Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Kucoin Ethereum and Exenium Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Kucoin Ethereum USD and Exenium Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exenium Ethereum USD and Kucoin 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 Kucoin Ethereum USD are associated (or correlated) with Exenium Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exenium Ethereum USD has no effect on the direction of Kucoin Ethereum i.e. Kucoin Ethereum and Exenium Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.