Correlation Analysis Between Bitfinex Bitcoin and Gatecoin Bitcoin

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

Bitfinex Bitcoin USD  vs.  Gatecoin Bitcoin USD

Bitfinex

Bitcoin on Bitfinex in USD

 6,761 
49.10  0.73%
Market Cap: 71.4 B
  

Gatecoin

Bitcoin on Gatecoin in USD

 6,703 
266.00  4.13%
Market Cap: 1.2 B
 58.00 
0.86% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Bitcoin USD is expected to generate 0.73 times more return on investment than Gatecoin Bitcoin. However, Bitfinex Bitcoin USD is 1.38 times less risky than Gatecoin Bitcoin. It trades about 0.15 of its potential returns per unit of risk. Gatecoin Bitcoin USD is currently generating about 0.1 per unit of risk. If you would invest  625,560  in Bitfinex Bitcoin USD on September 17, 2018 and sell it today you would earn a total of  50,540  from holding Bitfinex Bitcoin USD or generate 8.08% return on investment over 30 days.

Pair Corralation between Bitfinex Bitcoin and Gatecoin Bitcoin

0.76
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Bitcoin USD and Gatecoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gatecoin 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 Gatecoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gatecoin Bitcoin USD has no effect on the direction of Bitfinex Bitcoin i.e. Bitfinex Bitcoin and Gatecoin Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Bitfinex Bitcoin USD  
9 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Bitcoin USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.
Gatecoin Bitcoin USD  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gatecoin Bitcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1121.28

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