This module allows you to analyze existing cross correlation between Cexio Bitcoin USD and LakeBTC Bitcoin USD. You can compare the effects of market volatilities on Cexio 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 Cexio Bitcoin with a short position of LakeBTC Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Cexio Bitcoin and LakeBTC Bitcoin.
|Horizon||30 Days Login to change|
|Cexio Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Bitcoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Cexio Bitcoin sustained 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 2 (%) 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.
Cexio Bitcoin and LakeBTC Bitcoin Volatility Contrast
Predicted Return Density
Cexio Bitcoin USD vs. LakeBTC Bitcoin USD
Assuming 30 trading days horizon, Cexio Bitcoin USD is expected to generate 0.99 times more return on investment than LakeBTC Bitcoin. However, Cexio Bitcoin USD is 1.01 times less risky than LakeBTC Bitcoin. It trades about 0.04 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about 0.04 per unit of risk. If you would invest 1,057,780 in Cexio Bitcoin USD on July 21, 2019 and sell it today you would earn a total of 18,500 from holding Cexio Bitcoin USD or generate 1.75% return on investment over 30 days.
Pair Corralation between Cexio Bitcoin and LakeBTC Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Cexio Bitcoin and LakeBTC Bitcoin
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Cexio 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 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 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 Cexio Bitcoin i.e. Cexio Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
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