This module allows you to analyze existing cross correlation between Bitfinex Bitcoin USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on Bitfinex Bitcoin and OKCoin 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 Bitfinex Bitcoin with a short position of OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Bitcoin and OKCoin Bitcoin.
|Horizon||30 Days Login to change|
|Bitfinex Bitcoin USD|
Over the last 30 days Bitfinex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.
Bitfinex Bitcoin and OKCoin Bitcoin Volatility Contrast
Bitfinex Bitcoin USD vs. OKCoin Bitcoin USD
Assuming 30 trading days horizon, Bitfinex Bitcoin USD is expected to generate 0.6 times more return on investment than OKCoin Bitcoin. However, Bitfinex Bitcoin USD is 1.68 times less risky than OKCoin Bitcoin. It trades about -0.71 of its potential returns per unit of risk. OKCoin Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest 1,006,700 in Bitfinex Bitcoin USD on August 22, 2019 and sell it today you would lose (1,600) from holding Bitfinex Bitcoin USD or give up 0.16% of portfolio value over 30 days.
Pair Corralation between Bitfinex Bitcoin and OKCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Bitfinex Bitcoin and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Bitcoin USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin USD and Bitfinex 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 Bitfinex Bitcoin USD are associated (or correlated) with OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of Bitfinex Bitcoin i.e. Bitfinex Bitcoin and OKCoin Bitcoin go up and down completely randomly.
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