Correlation Analysis Between LakeBTC Bitcoin and Cexio Bitcoin

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

LakeBTC Bitcoin USD  vs.  Cexio Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 6,881 
283.75  3.96%
Market Cap: 5.4 B
  

Cexio

Bitcoin on Cexio in USD

 6,334 
77.00  1.23%
Market Cap: 8.3 B
 546.88 
7.95% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to under-perform the Cexio Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, LakeBTC Bitcoin USD is 1.25 times less risky than Cexio Bitcoin. The crypto trades about -0.04 of its potential returns per unit of risk. The Cexio Bitcoin USD is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest  638,790  in Cexio Bitcoin USD on August 19, 2018 and sell it today you would lose (13,050)  from holding Cexio Bitcoin USD or give up 2.04% of portfolio value over 30 days.

Pair Corralation between LakeBTC Bitcoin and Cexio Bitcoin

0.94
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

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

Risk-Adjusted Performance

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

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