Correlation Analysis Between Bitforex Bitcoin and Liqnet Bitcoin

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

Comparative Performance

Bitforex Bitcoin USD  
00

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Over the last 30 days Liqnet Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

Bitforex Bitcoin and Liqnet Bitcoin Volatility Contrast

Bitforex Bitcoin USD  vs.  Liqnet Bitcoin USD

Bitforex

Bitcoin on Bitforex in USD

 9,767 
0.00  0.00%
Market Cap: 23.2 M
  

Liqnet

Bitcoin on Liqnet in USD

 10,010 
(43.42)  0.43%
Market Cap: 370.5 B
(242.80)
2.49% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  976,718  in Bitforex Bitcoin USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding Bitforex Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitforex Bitcoin and Liqnet Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitforex Bitcoin and Liqnet Bitcoin

Bitforex Bitcoin USD diversification synergy

Pay attention

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