Correlation Analysis Between Kraken Ethereum and Exmo Monero

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

Kraken Ethereum Classic  
00

Risk-Adjusted Performance

Over the last 30 days Kraken Ethereum Classic 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.
Exmo Monero USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Exmo Monero is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

Kraken Ethereum and Exmo Monero Volatility Contrast

Kraken Ethereum Classic USD  vs.  Exmo Monero USD

Kraken

Ethereum Classic on Kraken in USD

 6.40 
(0.001)  0.0156%
Market Cap: 29.2 K
  

Exmo

Monero on Exmo in USD

 75.60 
0.00  0.00%
Market Cap: 5.1 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  7,560  in Exmo Monero USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Exmo Monero USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Kraken Ethereum and Exmo Monero

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

Diversification Opportunities for Kraken Ethereum and Exmo Monero

Kraken Ethereum Classic USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kraken Ethereum Classic USD and Exmo Monero USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Monero 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 Classic USD are associated (or correlated) with Exmo Monero. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Monero USD has no effect on the direction of Kraken Ethereum i.e. Kraken Ethereum and Exmo Monero go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
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