Correlation Analysis Between P2PB2B Bancor and Liquid Bitcoin

This module allows you to analyze existing cross correlation between P2PB2B Bancor Network Token USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on P2PB2B Bancor and Liquid 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 Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Bancor and Liquid 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 somewhat strong basic indicators, P2PB2B Bancor is not utilizing all of its potentials. The late stock price disturbance, may contribute to short term losses for the investors.
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 ongoing stock price disturbance, may contribute to short term losses for the investors.

P2PB2B Bancor and Liquid Bitcoin Volatility Contrast

P2PB2B Bancor Network Token US  vs.  Liquid Bitcoin USD

P2PB2B

Bancor Network Token on P2PB2B in USD

 0.33 
0.00   0.00 
Market Cap: 3.8 K
  

Liquid

Bitcoin on Liquid in USD

 8,059 
0.00   0.00 
Market Cap: 167.2 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  805,522  in Liquid Bitcoin USD on September 17, 2019 and sell it today you would earn a total of  0.00  from holding Liquid Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between P2PB2B Bancor and Liquid Bitcoin

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

Diversification Opportunities for P2PB2B Bancor and Liquid 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 Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of P2PB2B Bancor i.e. P2PB2B Bancor and Liquid Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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