Correlation Analysis Between ItBit Bitcoin and LakeBTC Bitcoin

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

Comparative Performance

itBit Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, ItBit Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LakeBTC Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, LakeBTC Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

ItBit Bitcoin and LakeBTC Bitcoin Volatility Contrast

itBit Bitcoin USD  vs.  LakeBTC Bitcoin USD

itBit

Bitcoin on itBit in USD

 8,544 
0.00   0.00 
Market Cap: 1.6 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 8,879 
0.00   0.00 
Market Cap: 177.9 B
(334.77)
3.92  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  887,852  in LakeBTC Bitcoin USD on October 15, 2019 and sell it today you would earn a total of  0.00  from holding LakeBTC Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between ItBit Bitcoin and LakeBTC Bitcoin

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

Diversification Opportunities for ItBit Bitcoin and LakeBTC Bitcoin

itBit Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding itBit 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 ItBit 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 itBit 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 ItBit Bitcoin i.e. ItBit Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.


 
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