This module allows you to analyze existing cross correlation between BitTrex Komodo USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on BitTrex Komodo and OKCoin 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 Komodo with a short position of OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Komodo and OKCoin Bitcoin.
|Horizon||30 Days Login to change|
|BitTrex Komodo USD|
Over the last 30 days BitTrex Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Komodo is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
BitTrex Komodo and OKCoin Bitcoin Volatility Contrast
BitTrex Komodo USD vs. OKCoin Bitcoin USD
If you would invest 986,151 in OKCoin Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 954.00 from holding OKCoin Bitcoin USD or generate 0.1% return on investment over 30 days.
Pair Corralation between BitTrex Komodo and OKCoin Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for BitTrex Komodo and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Komodo USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin USD and BitTrex Komodo 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 Komodo USD are associated (or correlated) with OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of BitTrex Komodo i.e. BitTrex Komodo and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.