This module allows you to analyze existing cross correlation between Bitfinex Bitcoin USD and itBit Bitcoin USD. You can compare the effects of market volatilities on Bitfinex Bitcoin and itBit 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 itBit Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bitfinex Bitcoin
and itBit Bitcoin
Bitfinex Bitcoin USD vs. itBit Bitcoin USD
Assuming 30 trading days horizon, Bitfinex Bitcoin is expected to generate 1.02 times less return on investment than itBit Bitcoin. In addition to that, Bitfinex Bitcoin is 1.03 times more volatile than itBit Bitcoin USD. It trades about 0.22 of its total potential returns per unit of risk. itBit Bitcoin USD is currently generating about 0.23 per unit of volatility. If you would invest 598,172 in itBit Bitcoin USD on June 21, 2018 and sell it today you would earn a total of 136,713 from holding itBit Bitcoin USD or generate 22.86% return on investment over 30 days.
Pair Corralation between Bitfinex Bitcoin and itBit Bitcoin
|Time Period||1 Month [change]|
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Bitcoin USD and itBit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit 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 itBit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Bitcoin USD has no effect on the direction of Bitfinex Bitcoin i.e. Bitfinex Bitcoin and itBit Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Bitcoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in itBit Bitcoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
Alphabet cannot be verified against its exchange. It appears that Alphabet is not available for investing at this time. Please verify the symbol is currently traded on NASDAQ. If you still believe the symbol you are trying to look up is valid please let us know
and we will check it as soon as possible.
Try Other Suggestions
|GTVJX||Goldman Sachs Target Date 2030||Fund|
|GTVMX||Goldman Sachs Target Date 2040||Fund|
|GTVOX||Goldman Sachs Target Date 2035||Fund|
|GTVSX||Goldman Sachs Target Date 2050||Fund|
|FPPXX||Government Obligations Fund Cl||Fund|
|ELKMF||Gold Road Resources Limited||Stock|
|GCGAX||Goldman Sachs Concentrated Gro||Fund|
See also your portfolio center
. Please also try Idea Breakdown
module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.