This module allows you to analyze existing cross correlation between LakeBTC Bitcoin USD and Abucoins Bitcoin USD. You can compare the effects of market volatilities on LakeBTC Bitcoin and Abucoins 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 LakeBTC Bitcoin with a short position of Abucoins Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LakeBTC Bitcoin
and Abucoins Bitcoin
LakeBTC Bitcoin USD vs Abucoins Bitcoin USD
Assuming 30 trading days horizon, LakeBTC Bitcoin is expected to generate 1.04 times less return on investment than Abucoins Bitcoin. In addition to that, LakeBTC Bitcoin is 1.15 times more volatile than Abucoins Bitcoin USD. It trades about 0.38 of its total potential returns per unit of risk. Abucoins Bitcoin USD is currently generating about 0.46 per unit of volatility. If you would invest 704,012 in Abucoins Bitcoin USD on November 14, 2017 and sell it today you would earn a total of 919,727 from holding Abucoins Bitcoin USD or generate 130.64% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC Bitcoin USD and Abucoins Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Abucoins Bitcoin USD and LakeBTC 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 LakeBTC Bitcoin USD are associated (or correlated) with Abucoins Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Abucoins Bitcoin USD has no effect on the direction of LakeBTC Bitcoin i.e. LakeBTC Bitcoin and Abucoins Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Abucoins Bitcoin USD are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.