Correlation Analysis Between P2PB2B Bancor and Gemini Bitcoin

This module allows you to analyze existing cross correlation between P2PB2B Bancor Network Token USD and Gemini Bitcoin USD. You can compare the effects of market volatilities on P2PB2B Bancor and Gemini 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 P2PB2B Bancor with a short position of Gemini Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Bancor and Gemini Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

P2PB2B Bancor Network  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in November 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Gemini Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in November 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

P2PB2B Bancor and Gemini Bitcoin Volatility Contrast

P2PB2B Bancor Network Token US  vs.  Gemini Bitcoin USD

P2PB2B

Bancor Network Token on P2PB2B in USD

 0.30 
(0.0161)   5.07 
Market Cap: 31.5 K
  

Gemini

Bitcoin on Gemini in USD

 7,432 
(524.89)   6.6 
Market Cap: 342.7 B
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, P2PB2B Bancor Network Token USD is expected to generate 0.64 times more return on investment than Gemini Bitcoin. However, P2PB2B Bancor Network Token USD is 1.56 times less risky than Gemini Bitcoin. It trades about -0.71 of its potential returns per unit of risk. Gemini Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest  31.76  in P2PB2B Bancor Network Token USD on September 23, 2019 and sell it today you would lose (1.29)  from holding P2PB2B Bancor Network Token USD or give up 4.06% of portfolio value over 30 days.

Pair Corralation between P2PB2B Bancor and Gemini Bitcoin

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

Diversification Opportunities for P2PB2B Bancor and Gemini Bitcoin

P2PB2B Bancor Network Token US diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Bancor Network Token US and Gemini Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini Bitcoin USD and P2PB2B Bancor 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 P2PB2B Bancor Network Token USD are associated (or correlated) with Gemini Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Bitcoin USD has no effect on the direction of P2PB2B Bancor i.e. P2PB2B Bancor and Gemini Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.


 
Search macroaxis.com