Correlation Analysis Between Liquid Bitcoin and Bitstamp Bitcoin

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

Comparative Performance

Liquid Bitcoin USD  
00

Risk-Adjusted Performance

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 current stock price disturbance, may contribute to short term losses for the investors.
Bitstamp Bitcoin USD  
00

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. Even with considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The current stock price chaos, may contribute to medium term losses for the stakeholders.

Liquid Bitcoin and Bitstamp Bitcoin Volatility Contrast

Liquid Bitcoin USD  vs.  Bitstamp Bitcoin USD

Liquid

Bitcoin on Liquid in USD

 7,903 
0.00   0.00 
Market Cap: 167.2 B
  

Bitstamp

Bitcoin on Bitstamp in USD

 7,910 
0.00   0.00 
Market Cap: 1100.9 B
(6.74)
0.09  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Bitstamp Bitcoin USD on September 20, 2019 and sell it today you would earn a total of  100.00  from holding Bitstamp Bitcoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Liquid Bitcoin and Bitstamp Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Liquid Bitcoin and Bitstamp Bitcoin

Liquid Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Liquid 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 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 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 Liquid Bitcoin i.e. Liquid Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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