This module allows you to analyze existing cross correlation between bingcoins Bitcoin USD and Bitfinex Bitcoin USD. You can compare the effects of market volatilities on bingcoins Bitcoin and Bitfinex 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 bingcoins Bitcoin with a short position of Bitfinex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of bingcoins Bitcoin and Bitfinex Bitcoin.
|Horizon||30 Days Login to change|
|bingcoins Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in bingcoins Bitcoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, bingcoins Bitcoin layed out solid returns over the last few months and may actually be approaching a breakup point.
|Bitfinex Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. In spite of rather weak fundamental drivers, Bitfinex Bitcoin exhibited solid returns over the last few months and may actually be approaching a breakup point.
bingcoins Bitcoin and Bitfinex Bitcoin Volatility Contrast
Predicted Return Density
bingcoins Bitcoin USD vs. Bitfinex Bitcoin USD
Assuming 30 trading days horizon, bingcoins Bitcoin USD is expected to generate 24.95 times more return on investment than Bitfinex Bitcoin. However, bingcoins Bitcoin is 24.95 times more volatile than Bitfinex Bitcoin USD. It trades about 0.15 of its potential returns per unit of risk. Bitfinex Bitcoin USD is currently generating about 0.06 per unit of risk. If you would invest 0.00 in bingcoins Bitcoin USD on July 20, 2019 and sell it today you would earn a total of 1,113,100 from holding bingcoins Bitcoin USD or generate 9.223372036854776E16% return on investment over 30 days.
Pair Corralation between bingcoins Bitcoin and Bitfinex Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for bingcoins Bitcoin and Bitfinex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding bingcoins Bitcoin USD and Bitfinex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Bitcoin USD and bingcoins 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 bingcoins Bitcoin USD are associated (or correlated) with Bitfinex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Bitcoin USD has no effect on the direction of bingcoins Bitcoin i.e. bingcoins Bitcoin and Bitfinex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.