Correlation Analysis Between Coinbase Bitcoin and Quoine Bitcoin

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

Coinbase Bitcoin USD  vs.  Quoine Bitcoin USD

Coinbase

Bitcoin on Coinbase in USD

 6,431 
47.67  0.75%
Market Cap: 51.6 B
  

Quoine

Bitcoin on Quoine in USD

 0.00 
0.00  0.00%
Market Cap: 4.5 B
 6,431 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Quoine Bitcoin USD on September 20, 2018 and sell it today you would earn a total of  0.00  from holding Quoine Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Coinbase Bitcoin and Quoine Bitcoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Coinbase Bitcoin USD  
0 

Risk-Adjusted Performance

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

Coinbase Bitcoin USD

Pair trading matchups for Coinbase Bitcoin

My Equities

My Current Equities and Potential Positions

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1096.46

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