Correlation Analysis Between Cexio Bitcoin and itBit Bitcoin

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

Cexio Bitcoin USD  vs.  itBit Bitcoin USD

Cexio

Bitcoin on Cexio in USD

 6,708 
277.60  4.32%
Market Cap: 35.3 B
  

itBit

Bitcoin on itBit in USD

 0.00 
0.00  0.00%
Market Cap: 185.5 B
 6,708 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in itBit Bitcoin USD on August 26, 2018 and sell it today you would earn a total of  0.00  from holding itBit Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Cexio Bitcoin and itBit Bitcoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Cexio Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
itBit Bitcoin USD  
0 

Risk-Adjusted Performance

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

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