This module allows you to analyze existing cross correlation between itBit Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on itBit 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 itBit Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of itBit Bitcoin and Bitstamp Bitcoin.
|Time Horizon||30 Days Login to change|
itBit Bitcoin USD vs. Bitstamp Bitcoin USD
Assuming 30 trading days horizon, itBit Bitcoin USD is expected to under-perform the Bitstamp Bitcoin. In addition to that, itBit Bitcoin is 1.02 times more volatile than Bitstamp Bitcoin USD. It trades about -0.2 of its total potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.2 per unit of volatility. If you would invest 838,907 in Bitstamp Bitcoin USD on May 20, 2018 and sell it today you would lose (164,410) from holding Bitstamp Bitcoin USD or give up 19.6% of portfolio value over 30 days.