Correlation Analysis Between Bitfinex Recovery and OKCoin Bitcoin

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

Bitfinex Recovery Right  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Recovery is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

Bitfinex Recovery and OKCoin Bitcoin Volatility Contrast

Bitfinex Recovery Right Tokens  vs.  OKCoin Bitcoin USD

Bitfinex

Recovery Right Tokens on Bitfinex in USD

 0.03762 
0.00  0.00%
Market Cap: 224
  

OKCoin

Bitcoin on OKCoin in USD

 10,046 
184.28  1.87%
Market Cap: 29.2 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  986,151  in OKCoin Bitcoin USD on August 20, 2019 and sell it today you would earn a total of  1,577  from holding OKCoin Bitcoin USD or generate 0.16% return on investment over 30 days.

Pair Corralation between Bitfinex Recovery and OKCoin Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Bitfinex Recovery and OKCoin Bitcoin

Bitfinex Recovery Right Tokens diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Recovery Right Tokens 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 Recovery 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 Recovery Right Tokens 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 Recovery i.e. Bitfinex Recovery and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.


 
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