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|
|Bitstamp Bitcoin USD|
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|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for Bitstamp Bitcoin and Binance Bitcoin
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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