Correlation Analysis Between Bitstamp Bitcoin and LakeBTC Bitcoin

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

Comparative Performance

Bitstamp Bitcoin USD  
0

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LakeBTC Bitcoin USD  
8

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

Bitstamp Bitcoin and LakeBTC Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

Bitstamp Bitcoin USD  vs.  LakeBTC Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 3,223 
(42.02)  1.29%
Market Cap: 121.4 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 3,860 
(53.99)  1.38%
Market Cap: 5.9 B
(637.51)
19.78% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Bitcoin USD is expected to under-perform the LakeBTC Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Bitstamp Bitcoin USD is 42.01 times less risky than LakeBTC Bitcoin. The crypto trades about -0.41 of its potential returns per unit of risk. The LakeBTC Bitcoin USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  705,461  in LakeBTC Bitcoin USD on November 14, 2018 and sell it today you would lose (314,029)  from holding LakeBTC Bitcoin USD or give up 44.51% of portfolio value over 30 days.

Pair Corralation between Bitstamp Bitcoin and LakeBTC Bitcoin

0.89
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Bitcoin and LakeBTC Bitcoin

Bitstamp Bitcoin USD diversification synergy

Very poor diversification

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

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