Correlation Analysis Between LakeBTC Bitcoin and Coinbase Bitcoin

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

LakeBTC Bitcoin USD  vs.  Coinbase Bitcoin USD


Bitcoin on LakeBTC in USD

65.95  1.63%
Market Cap: 5.9 B


Bitcoin on Coinbase in USD

16.43  0.48%
Market Cap: 55.3 B
17.35% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 36.82 times more return on investment than Coinbase Bitcoin. However, LakeBTC Bitcoin is 36.82 times more volatile than Coinbase Bitcoin USD. It trades about 0.13 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.31 per unit of risk. If you would invest  682,555  in LakeBTC Bitcoin USD on November 11, 2018 and sell it today you would lose (270,408)  from holding LakeBTC Bitcoin USD or give up 39.62% of portfolio value over 30 days.

Pair Corralation between LakeBTC Bitcoin and Coinbase Bitcoin

Time Period2 Months [change]
ValuesDaily Returns


LakeBTC Bitcoin USD diversification synergy

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
LakeBTC Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Coinbase Bitcoin USD  

Risk-Adjusted Performance

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

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..