This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Binance Ethereum USD. You can compare the effects of market volatilities on Liquid Bitcoin and Binance Ethereum 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 Liquid Bitcoin with a short position of Binance Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Binance Ethereum.
|Horizon||30 Days Login to change|
|Liquid Bitcoin USD|
Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liquid Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Binance Ethereum USD|
Over the last 30 days Binance Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Ethereum is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
Liquid Bitcoin and Binance Ethereum Volatility Contrast
Liquid Bitcoin USD vs. Binance Ethereum USD
If you would invest 19,702 in Binance Ethereum USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding Binance Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Binance Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Binance Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and Binance Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance Ethereum USD and Liquid 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 Liquid Bitcoin USD are associated (or correlated) with Binance Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance Ethereum USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and Binance Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.