This module allows you to analyze existing cross correlation between Bitfinex Bitcoin USD and Exmo Bitcoin USD. You can compare the effects of market volatilities on Bitfinex Bitcoin and Exmo Bitcoin 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 Bitfinex Bitcoin with a short position of Exmo Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Bitcoin and Exmo Bitcoin.
|Horizon||30 Days Login to change|
|Bitfinex Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Bitcoin USD are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days. In spite of rather uncertain fundamental drivers, Bitfinex Bitcoin exhibited solid returns over the last few months and may actually be approaching a breakup point.
|Exmo Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Bitcoin USD are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively uncertain essential indicators, Exmo Bitcoin unveiled solid returns over the last few months and may actually be approaching a breakup point.
Bitfinex Bitcoin and Exmo Bitcoin Volatility Contrast
Predicted Return Density
Bitfinex Bitcoin USD vs. Exmo Bitcoin USD
Assuming 30 trading days horizon, Bitfinex Bitcoin USD is expected to generate 1.21 times more return on investment than Exmo Bitcoin. However, Bitfinex Bitcoin is 1.21 times more volatile than Exmo Bitcoin USD. It trades about 0.36 of its potential returns per unit of risk. Exmo Bitcoin USD is currently generating about 0.38 per unit of risk. If you would invest 412,720 in Bitfinex Bitcoin USD on April 19, 2019 and sell it today you would earn a total of 379,540 from holding Bitfinex Bitcoin USD or generate 91.96% return on investment over 30 days.
Pair Corralation between Bitfinex Bitcoin and Exmo Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Bitfinex Bitcoin and Exmo Bitcoin
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Bitcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Bitcoin USD and Bitfinex Bitcoin 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 Bitfinex Bitcoin USD are associated (or correlated) with Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of Bitfinex Bitcoin i.e. Bitfinex Bitcoin and Exmo Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.