Correlation Analysis Between Exmo Bitcoin and LakeBTC Bitcoin

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

Comparative Performance

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.
LakeBTC Bitcoin USD  
8

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

Exmo Bitcoin and LakeBTC Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

Exmo Bitcoin USD  vs.  LakeBTC Bitcoin USD

Exmo

Bitcoin on Exmo in USD

 3,482 
132.66  3.96%
Market Cap: 7.1 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 4,044 
151.81  3.90%
Market Cap: 4.6 B
(561.96)
16.14% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Exmo Bitcoin USD is expected to under-perform the LakeBTC Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Exmo Bitcoin USD is 33.05 times less risky than LakeBTC Bitcoin. The crypto trades about -0.31 of its potential returns per unit of risk. The LakeBTC Bitcoin USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  699,122  in LakeBTC Bitcoin USD on November 17, 2018 and sell it today you would lose (294,760)  from holding LakeBTC Bitcoin USD or give up 42.16% of portfolio value over 30 days.

Pair Corralation between Exmo Bitcoin and LakeBTC Bitcoin

0.86
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Exmo Bitcoin and LakeBTC Bitcoin

Exmo Bitcoin USD diversification synergy

Very poor diversification

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

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