Correlation Analysis Between Bitstamp Bitcoin and Binance Bitcoin

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

Comparative Performance

Bitstamp Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with fragile performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in October 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.
Binance Bitcoin USD  
00

Risk-Adjusted Performance

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

Bitstamp Bitcoin and Binance Bitcoin Volatility Contrast

Bitstamp Bitcoin USD  vs.  Binance Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 9,969 
(133.55)  1.32%
Market Cap: 1100.9 B
  

Binance

Bitcoin on Binance in USD

 9,775 
0.00  0.00%
Market Cap: 9.5 M
 193.33 
1.94% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  977,518  in Binance Bitcoin USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding Binance Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitstamp Bitcoin and Binance Bitcoin

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

Diversification Opportunities for Bitstamp Bitcoin and Binance Bitcoin

Bitstamp Bitcoin USD diversification synergy

Pay attention

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