Correlation Analysis Between Liquid Bitcoin and primexbt Ethereum

This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and primexbt Ethereum USD. You can compare the effects of market volatilities on Liquid Bitcoin and primexbt 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 primexbt Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and primexbt Ethereum.
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 fragile basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
primexbt Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days primexbt Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, primexbt Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Liquid Bitcoin and primexbt Ethereum Volatility Contrast

Liquid Bitcoin USD  vs.  primexbt Ethereum USD

Liquid

Bitcoin on Liquid in USD

 10,295 
413.67  4.19%
Market Cap: 167.2 B
  

primexbt

Ethereum on primexbt in USD

 219.42 
0.00  0.00%
Market Cap: 115.3 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  988,133  in Liquid Bitcoin USD on August 20, 2019 and sell it today you would earn a total of  41,367  from holding Liquid Bitcoin USD or generate 4.19% return on investment over 30 days.

Pair Corralation between Liquid Bitcoin and primexbt Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Liquid Bitcoin and primexbt Ethereum

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 primexbt Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Ethereum USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and primexbt Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.


 
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