Correlation Analysis Between Cexio Bitcoin and Coinroom Bitcoin

This module allows you to analyze existing cross correlation between Cexio Bitcoin USD and Coinroom Bitcoin USD. You can compare the effects of market volatilities on Cexio Bitcoin and Coinroom 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 Cexio Bitcoin with a short position of Coinroom Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Cexio Bitcoin and Coinroom Bitcoin.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Cexio Bitcoin USD  vs.  Coinroom Bitcoin USD

Cexio

Bitcoin on Cexio in USD
 7,380 
182.70  2.42%
Market Cap: 10.1 B
  

Coinroom

Bitcoin on Coinroom in USD
 7,659 
16.48  0.22%
Market Cap: 12.8 B
(278.73)
3.78% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Cexio Bitcoin USD is expected to generate 1.04 times more return on investment than Coinroom Bitcoin. However, Cexio Bitcoin is 1.04 times more volatile than Coinroom Bitcoin USD. It trades about 0.24 of its potential returns per unit of risk. Coinroom Bitcoin USD is currently generating about 0.24 per unit of risk. If you would invest  622,090  in Cexio Bitcoin USD on June 23, 2018 and sell it today you would earn a total of  134,180  from holding Cexio Bitcoin USD or generate 21.57% return on investment over 30 days.

Pair Corralation between Cexio Bitcoin and Coinroom Bitcoin

0.98
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Cexio Bitcoin USD and Coinroom Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom Bitcoin USD and Cexio 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 Cexio Bitcoin USD are associated (or correlated) with Coinroom Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom Bitcoin USD has no effect on the direction of Cexio Bitcoin i.e. Cexio Bitcoin and Coinroom Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Cexio Bitcoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Bitcoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

Cexio Bitcoin USD

Pair trading matchups for Cexio Bitcoin
Coinroom Bitcoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom Bitcoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

Coinroom Bitcoin USD

Pair trading matchups for Coinroom Bitcoin

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1184.91

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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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