Correlation Analysis Between Bitstamp Bitcoin and Liquid Bitcoin

This module allows you to analyze existing cross correlation between Bitstamp Bitcoin USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on Bitstamp Bitcoin and Liquid 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 Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Bitcoin and Liquid 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 considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The latest stock price chaos, may contribute to medium term losses for the stakeholders.
Liquid Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liquid Bitcoin is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short term losses for the investors.

Bitstamp Bitcoin and Liquid Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

Bitstamp Bitcoin USD  vs.  Liquid Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 10,377 
(6.61)  0.06%
Market Cap: 337.9 B
  

Liquid

Bitcoin on Liquid in USD

 10,379 
(31.46)  0.30%
Market Cap: 60.4 B
(1.73)
0.016671% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Bitcoin USD is expected to generate 1.02 times more return on investment than Liquid Bitcoin. However, Bitstamp Bitcoin is 1.02 times more volatile than Liquid Bitcoin USD. It trades about -0.01 of its potential returns per unit of risk. Liquid Bitcoin USD is currently generating about -0.01 per unit of risk. If you would invest  1,167,095  in Bitstamp Bitcoin USD on July 24, 2019 and sell it today you would lose (128,707)  from holding Bitstamp Bitcoin USD or give up 11.03% of portfolio value over 30 days.

Pair Corralation between Bitstamp Bitcoin and Liquid Bitcoin

1.0
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Bitcoin and Liquid Bitcoin

Bitstamp Bitcoin USD diversification synergy

No risk reduction

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Bitcoin USD and Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Liquid Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..


 
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