Pair Correlation Between TrustDEX Bitcoin and Coinroom Bitcoin

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

TrustDEX Bitcoin USD  vs.  Coinroom Bitcoin USD

TrustDEX

Bitcoin on TrustDEX in USD
 9,663 
77.97  0.80%
Market Cap: 192.4 B
  

Coinroom

Bitcoin on Coinroom in USD
 8,836 
252.23  2.78%
Market Cap: 14.5 B
 826.06 
8.55% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, TrustDEX Bitcoin USD is expected to under-perform the Coinroom Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, TrustDEX Bitcoin USD is 1.14 times less risky than Coinroom Bitcoin. The crypto trades about -0.06 of its potential returns per unit of risk. The Coinroom Bitcoin USD is currently generating about -0.02 of returns per unit of risk over similar time horizon. If you would invest  1,040,234  in Coinroom Bitcoin USD on March 22, 2018 and sell it today you would lose (156,587)  from holding Coinroom Bitcoin USD or give up 15.05% of portfolio value over 30 days.

Pair Corralation between TrustDEX Bitcoin and Coinroom Bitcoin

0.92
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding TrustDEX Bitcoin USD and Coinroom Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom Bitcoin USD and TrustDEX 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 TrustDEX Bitcoin USD are associated (or correlated) with Coinroom Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom Bitcoin USD has no effect on the direction of TrustDEX Bitcoin i.e. TrustDEX Bitcoin and Coinroom Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
TrustDEX Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days TrustDEX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

TrustDEX Bitcoin USD

Pair trading matchups for TrustDEX Bitcoin
Coinroom Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Coinroom Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Coinroom Bitcoin USD

Pair trading matchups for Coinroom Bitcoin

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1072.96

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