This module allows you to analyze existing cross correlation between BitTrex Bitcoin USD and LiveCoin Bitcoin USD. You can compare the effects of market volatilities on BitTrex Bitcoin and LiveCoin 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 BitTrex Bitcoin with a short position of LiveCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Bitcoin and LiveCoin Bitcoin.
|Horizon||30 Days Login to change|
|BitTrex Bitcoin USD|
Over the last 30 days BitTrex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fragile performance in the last few months, the Crypto's basic indicators remain fairly strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|LiveCoin Bitcoin USD|
Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
BitTrex Bitcoin and LiveCoin Bitcoin Volatility Contrast
BitTrex Bitcoin USD vs. LiveCoin Bitcoin USD
Assuming 30 trading days horizon, BitTrex Bitcoin USD is expected to under-perform the LiveCoin Bitcoin. In addition to that, BitTrex Bitcoin is 1.54 times more volatile than LiveCoin Bitcoin USD. It trades about -0.71 of its total potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about -0.71 per unit of volatility. If you would invest 1,041,157 in LiveCoin Bitcoin USD on August 22, 2019 and sell it today you would lose (9,217) from holding LiveCoin Bitcoin USD or give up 0.89% of portfolio value over 30 days.
Pair Corralation between BitTrex Bitcoin and LiveCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for BitTrex Bitcoin and LiveCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Bitcoin USD and LiveCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Bitcoin USD and BitTrex 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 BitTrex Bitcoin USD are associated (or correlated) with LiveCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Bitcoin USD has no effect on the direction of BitTrex Bitcoin i.e. BitTrex Bitcoin and LiveCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.