Correlation Analysis Between Cexio Bitcoin and LakeBTC Bitcoin

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

Cexio Bitcoin USD  vs.  LakeBTC Bitcoin USD


Bitcoin on Cexio in USD
827.90  13.23%
Market Cap: 8.2 B


Bitcoin on LakeBTC in USD
500.74  7.21%
Market Cap: 8.3 B
5.06% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Cexio Bitcoin is expected to generate 3.39 times less return on investment than LakeBTC Bitcoin. In addition to that, Cexio Bitcoin is 1.22 times more volatile than LakeBTC Bitcoin USD. It trades about 0.01 of its total potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about 0.02 per unit of volatility. If you would invest  734,488  in LakeBTC Bitcoin USD on June 17, 2018 and sell it today you would earn a total of  5,039  from holding LakeBTC Bitcoin USD or generate 0.69% return on investment over 30 days.

Pair Corralation between Cexio Bitcoin and LakeBTC Bitcoin

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding Cexio 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 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 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 Cexio Bitcoin i.e. Cexio Bitcoin and LakeBTC Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Cexio Bitcoin USD  

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.
LakeBTC Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.