This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and LakeBTC Bitcoin USD. You can compare the effects of market volatilities on Bitstamp Bitcoin and LakeBTC 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 LakeBTC Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin and LakeBTC Bitcoin.
|Horizon||30 Days Login to change|
|Bitstamp Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Even with considerably weak technical indicators, Bitstamp Bitcoin revealed solid returns over the last few months and may actually be approaching a breakup point.
|LakeBTC Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, LakeBTC Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
Bitstamp Bitcoin and LakeBTC Bitcoin Volatility Contrast
Predicted Return Density
Bitstamp Bitcoin USD vs. LakeBTC Bitcoin USD
Assuming 30 trading days horizon, Bitstamp Bitcoin is expected to generate 1.21 times less return on investment than LakeBTC Bitcoin. In addition to that, Bitstamp Bitcoin is 1.01 times more volatile than LakeBTC Bitcoin USD. It trades about 0.06 of its total potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about 0.07 per unit of volatility. If you would invest 994,869 in LakeBTC Bitcoin USD on July 20, 2019 and sell it today you would earn a total of 113,596 from holding LakeBTC Bitcoin USD or generate 11.42% return on investment over 30 days.
Pair Corralation between Bitstamp Bitcoin and LakeBTC Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Bitstamp Bitcoin and LakeBTC Bitcoin
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Bitcoin USD and LakeBTC Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LakeBTC 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 LakeBTC Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LakeBTC Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.