This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Cexio Bitcoin USD. You can compare the effects of market volatilities on Liquid 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 Liquid Bitcoin with a short position of Cexio Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Cexio Bitcoin.
|Horizon||30 Days Login to change|
|Liquid Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Liquid Bitcoin USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Cexio Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Bitcoin USD are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Cexio Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
Liquid Bitcoin and Cexio Bitcoin Volatility Contrast
Predicted Return Density
Liquid Bitcoin USD vs. Cexio Bitcoin USD
Assuming 30 trading days horizon, Liquid Bitcoin is expected to generate 1.08 times less return on investment than Cexio Bitcoin. But when comparing it to its historical volatility, Liquid Bitcoin USD is 1.02 times less risky than Cexio Bitcoin. It trades about 0.33 of its potential returns per unit of risk. Cexio Bitcoin USD is currently generating about 0.35 of returns per unit of risk over similar time horizon. If you would invest 395,500 in Cexio Bitcoin USD on April 22, 2019 and sell it today you would earn a total of 394,660 from holding Cexio Bitcoin USD or generate 99.79% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Cexio Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Cexio Bitcoin
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Liquid 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 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 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 Liquid Bitcoin i.e. Liquid Bitcoin and Cexio Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Equity Analysis module to research over 250,000 global equities including funds, stocks and etfs to find investment opportunities.