Correlation Analysis Between Gemini Bitcoin and Bitstamp Bitcoin

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

Gemini Bitcoin USD  vs.  Bitstamp Bitcoin USD


Bitcoin on Gemini in USD

8.83  0.14%
Market Cap: 6 B


Bitcoin on Bitstamp in USD

1.40  0.0217%
Market Cap: 112.1 B
0.21% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Gemini Bitcoin is expected to generate 2.02 times less return on investment than Bitstamp Bitcoin. In addition to that, Gemini Bitcoin is 1.15 times more volatile than Bitstamp Bitcoin USD. It trades about 0.01 of its total potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about 0.03 per unit of volatility. If you would invest  639,299  in Bitstamp Bitcoin USD on September 18, 2018 and sell it today you would earn a total of  5,178  from holding Bitstamp Bitcoin USD or generate 0.81% return on investment over 30 days.

Pair Corralation between Gemini Bitcoin and Bitstamp Bitcoin

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 
Gemini Bitcoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

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