Pair Correlation Between TrustDEX Bitcoin and LakeBTC Bitcoin

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

TrustDEX

Bitcoin on TrustDEX in USD
 10,967 
(149.6)  1.35%
Market Cap: 703.3 B
(192.2)

LakeBTC

Bitcoin on LakeBTC in USD
 11,159 
99.2  0.9%
Market Cap: 448.5 B
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, TrustDEX Bitcoin USD is expected to generate 26.42 times more return on investment than LakeBTC Bitcoin. However, TrustDEX Bitcoin is 26.42 times more volatile than LakeBTC Bitcoin USD. It trades about 0.18 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about -0.19 per unit of risk. If you would invest  0.00  in TrustDEX Bitcoin USD on December 18, 2017 and sell it today you would earn a total of  1,096,700  from holding TrustDEX Bitcoin USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between TrustDEX Bitcoin and LakeBTC Bitcoin
0.95

Parameters

Time Period1 Month [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 LakeBTC Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LakeBTC 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 LakeBTC Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LakeBTC Bitcoin USD has no effect on the direction of TrustDEX Bitcoin i.e. TrustDEX Bitcoin and LakeBTC Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 

TrustDEX Bitcoin USD

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in TrustDEX Bitcoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

TrustDEX Bitcoin USD

Pair trading matchups for TrustDEX Bitcoin

LakeBTC Bitcoin USD

  
0 

Risk-Adjusted Performance

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

LakeBTC Bitcoin USD

Pair trading matchups for LakeBTC Bitcoin