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.
Horizon     30 Days    Login   to change
Symbolsvs

Cexio Bitcoin USD  vs.  LakeBTC Bitcoin USD

Cexio

Bitcoin on Cexio in USD

 6,565 
17.90  0.27%
Market Cap: 3.6 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 7,063 
30.20  0.43%
Market Cap: 3 B
(498.55)
7.59% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  656,480  in Cexio Bitcoin USD on September 21, 2018 and sell it today you would earn a total of  0.00  from holding Cexio Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Cexio Bitcoin and LakeBTC Bitcoin

0.48
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy4.55%
ValuesDaily Returns

Diversification

Very weak 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 
      Returns 
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.
LakeBTC Bitcoin USD  
0 

Risk-Adjusted Performance

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

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