This module allows you to analyze existing cross correlation between BitTrex Bitcoin USD and Gemini Bitcoin USD. You can compare the effects of market volatilities on BitTrex 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 BitTrex Bitcoin with a short position of Gemini Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Bitcoin and Gemini Bitcoin.
|Horizon||30 Days Login to change|
|BitTrex Bitcoin USD|
Over the last 30 days BitTrex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|Gemini Bitcoin USD|
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
BitTrex Bitcoin and Gemini Bitcoin Volatility Contrast
BitTrex Bitcoin USD vs. Gemini Bitcoin USD
If you would invest 827,673 in Gemini Bitcoin USD on September 13, 2019 and sell it today you would earn a total of 0.00 from holding Gemini Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between BitTrex Bitcoin and Gemini Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for BitTrex Bitcoin and Gemini Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex 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 BitTrex 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 BitTrex 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 BitTrex Bitcoin i.e. BitTrex Bitcoin and Gemini Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.