Correlation Analysis Between LakeBTC Bitcoin and Bitstamp Bitcoin

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

LakeBTC Bitcoin USD  vs.  Bitstamp Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 7,013 
21.37  0.31%
Market Cap: 3 B
  

Bitstamp

Bitcoin on Bitstamp in USD

 6,383 
12.18  0.19%
Market Cap: 11.9 B
 629.62 
8.98% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 0.89 times more return on investment than Bitstamp Bitcoin. However, LakeBTC Bitcoin USD is 1.12 times less risky than Bitstamp Bitcoin. It trades about 0.01 of its potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.01 per unit of risk. If you would invest  699,033  in LakeBTC Bitcoin USD on September 19, 2018 and sell it today you would earn a total of  1,094  from holding LakeBTC Bitcoin USD or generate 0.16% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Bitstamp Bitcoin

0.78
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC 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 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 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 LakeBTC Bitcoin i.e. LakeBTC Bitcoin and Bitstamp Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
LakeBTC Bitcoin USD  
0 

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.
Bitstamp Bitcoin USD  
0 

Risk-Adjusted Performance

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

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