Correlation Analysis Between BitTrex Bitcoin and Liquid Ethereum

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

BitTrex Bitcoin USD  
00

Risk-Adjusted Performance

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 prevalent stock price disturbance, may contribute to short term losses for the investors.
Liquid Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Liquid Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

BitTrex Bitcoin and Liquid Ethereum Volatility Contrast

BitTrex Bitcoin USD  vs.  Liquid Ethereum USD

BitTrex

Bitcoin on BitTrex in USD

 9,924 
0.00  0.00%
Market Cap: 70.6 B
  

Liquid

Ethereum on Liquid in USD

 208.80 
(9.19)  4.22%
Market Cap: 60 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  990,543  in BitTrex Bitcoin USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding BitTrex Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BitTrex Bitcoin and Liquid Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for BitTrex Bitcoin and Liquid Ethereum

BitTrex Bitcoin USD diversification synergy

Pay attention

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