Correlation Analysis Between Exmo Bitcoin and Gatecoin Bitcoin

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

Exmo Bitcoin USD  vs.  Gatecoin Bitcoin USD

Exmo

Bitcoin on Exmo in USD

 0.00 
0.00  0.00%
Market Cap: 18 B
  

Gatecoin

Bitcoin on Gatecoin in USD

 6,431 
267.30  3.99%
Market Cap: 1.2 B
(6,431)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  641,400  in Gatecoin Bitcoin USD on September 19, 2018 and sell it today you would earn a total of  1,670  from holding Gatecoin Bitcoin USD or generate 0.26% return on investment over 30 days.

Pair Corralation between Exmo Bitcoin and Gatecoin 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 Exmo Bitcoin USD and Gatecoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gatecoin Bitcoin USD and Exmo 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 Exmo Bitcoin USD are associated (or correlated) with Gatecoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gatecoin Bitcoin USD has no effect on the direction of Exmo Bitcoin i.e. Exmo Bitcoin and Gatecoin Bitcoin go up and down completely randomly.

Comparative Volatility

Exmo Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Gatecoin Bitcoin USD  
1 

Risk-Adjusted Performance

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

Gatecoin Bitcoin USD

Pair trading matchups for Gatecoin Bitcoin

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1087.97

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 Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.


 
Search macroaxis.com