This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and itBit Bitcoin USD. You can compare the effects of market volatilities on Bitstamp 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 Bitstamp Bitcoin with a short position of itBit Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin and itBit Bitcoin.
|Time Horizon||30 Days Login to change|
Bitstamp Bitcoin USD vs. itBit Bitcoin USD
Assuming 30 trading days horizon, Bitstamp Bitcoin USD is expected to under-perform the itBit Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Bitstamp Bitcoin USD is 1.03 times less risky than itBit Bitcoin. The crypto trades about -0.27 of its potential returns per unit of risk. The itBit Bitcoin USD is currently generating about -0.23 of returns per unit of risk over similar time horizon. If you would invest 821,772 in itBit Bitcoin USD on May 19, 2018 and sell it today you would lose (179,494) from holding itBit Bitcoin USD or give up 21.84% of portfolio value over 30 days.