This module allows you to analyze existing cross correlation between BitTrex Bitcoin USD and itBit Bitcoin USD. You can compare the effects of market volatilities on BitTrex 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 BitTrex Bitcoin with a short position of itBit Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Bitcoin and itBit Bitcoin.
|Time Horizon||30 Days Login to change|
BitTrex Bitcoin USD vs. itBit Bitcoin USD
Assuming 30 trading days horizon, BitTrex Bitcoin USD is expected to generate 1.01 times more return on investment than itBit Bitcoin. However, BitTrex Bitcoin is 1.01 times more volatile than itBit Bitcoin USD. It trades about -0.19 of its potential returns per unit of risk. itBit Bitcoin USD is currently generating about -0.2 per unit of risk. If you would invest 835,201 in BitTrex Bitcoin USD on May 20, 2018 and sell it today you would lose (161,999) from holding BitTrex Bitcoin USD or give up 19.4% of portfolio value over 30 days.