Correlation Analysis Between EXRATES Bitcoin and OKCoin Bitcoin

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

Comparative Performance

EXRATES Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.

EXRATES Bitcoin and OKCoin Bitcoin Volatility Contrast

EXRATES Bitcoin USD  vs.  OKCoin Bitcoin USD

EXRATES

Bitcoin on EXRATES in USD

 8,478 
(12.09)   0.14 
Market Cap: 667.9 B
  

OKCoin

Bitcoin on OKCoin in USD

 8,453 
3.69   0.0437 
Market Cap: 29.2 B
 25.51 
0.30  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, EXRATES Bitcoin USD is expected to generate 0.2 times more return on investment than OKCoin Bitcoin. However, EXRATES Bitcoin USD is 5.0 times less risky than OKCoin Bitcoin. It trades about -0.71 of its potential returns per unit of risk. OKCoin Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest  849,600  in EXRATES Bitcoin USD on October 19, 2019 and sell it today you would lose (559.00)  from holding EXRATES Bitcoin USD or give up 0.07% of portfolio value over 30 days.

Pair Corralation between EXRATES Bitcoin and OKCoin Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for EXRATES Bitcoin and OKCoin Bitcoin

EXRATES Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EXRATES Bitcoin USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin USD and EXRATES 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 EXRATES Bitcoin USD are associated (or correlated) with OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of EXRATES Bitcoin i.e. EXRATES Bitcoin and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
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