Correlation Analysis Between Bitstamp Bitcoin and Gemini Bitcoin

This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and Gemini Bitcoin USD. You can compare the effects of market volatilities on Bitstamp Bitcoin and Gemini 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 Gemini Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin and Gemini Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
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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 latest fragile performance, the Crypto's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the entity stakeholders.
Gemini Bitcoin USD  
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Risk-Adjusted Performance

Over the last 30 days Gemini 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.

Bitstamp Bitcoin and Gemini Bitcoin Volatility Contrast

Bitstamp Bitcoin USD  vs.  Gemini Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 10,005 
(97.48)  0.96%
Market Cap: 1100.9 B
  

Gemini

Bitcoin on Gemini in USD

 10,013 
(98.29)  0.97%
Market Cap: 342.7 B
(8.41)
0.08% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Bitcoin USD is expected to generate 0.79 times more return on investment than Gemini Bitcoin. However, Bitstamp Bitcoin USD is 1.26 times less risky than Gemini Bitcoin. It trades about -0.71 of its potential returns per unit of risk. Gemini Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest  1,010,206  in Bitstamp Bitcoin USD on August 22, 2019 and sell it today you would lose (2,674)  from holding Bitstamp Bitcoin USD or give up 0.26% of portfolio value over 30 days.

Pair Corralation between Bitstamp Bitcoin and Gemini Bitcoin

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

Diversification Opportunities for Bitstamp Bitcoin and Gemini 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 Gemini Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini 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 Gemini Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Gemini Bitcoin go up and down completely randomly.
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