This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and Gemini Bitcoin USD. You can compare the effects of market volatilities on Bitstamp Bitcoin and Gemini 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 Bitstamp Bitcoin with a short position of Gemini Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin
and Gemini Bitcoin
Bitstamp Bitcoin USD vs Gemini Bitcoin USD
Assuming 30 trading days horizon, Bitstamp Bitcoin is expected to generate 1.0 times less return on investment than Gemini Bitcoin. In addition to that, Bitstamp Bitcoin is 1.09 times more volatile than Gemini Bitcoin USD. It trades about 0.41 of its total potential returns per unit of risk. Gemini Bitcoin USD is currently generating about 0.45 per unit of volatility. If you would invest 784,284 in Gemini Bitcoin USD on November 15, 2017 and sell it today you would earn a total of 985,715 from holding Gemini Bitcoin USD or generate 125.68% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Bitcoin USD and Gemini Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini Bitcoin USD and Bitstamp 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 Bitstamp Bitcoin USD are associated (or correlated) with Gemini Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Gemini Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Bitcoin USD are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Gemini Bitcoin USD are ranked lower than 29 (%) of all global equities and portfolios over the last 30 days.