Coinroom Bitcoin USD vs. itBit Bitcoin USD
Assuming 30 trading days horizon, Coinroom Bitcoin USD is expected to under-perform the itBit Bitcoin. In addition to that, Coinroom Bitcoin is 1.29 times more volatile than itBit Bitcoin USD. It trades about -0.1 of its total potential returns per unit of risk. itBit Bitcoin USD is currently generating about -0.11 per unit of volatility. If you would invest 751,839 in itBit Bitcoin USD on May 23, 2018 and sell it today you would lose (85,572) from holding itBit Bitcoin USD or give up 11.38% of portfolio value over 30 days.
Pair Corralation between Coinroom Bitcoin and itBit Bitcoin
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Coinroom Bitcoin USD and itBit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit Bitcoin USD and Coinroom 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 Coinroom Bitcoin USD are associated (or correlated) with itBit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Bitcoin USD has no effect on the direction of Coinroom Bitcoin i.e. Coinroom Bitcoin and itBit Bitcoin go up and down completely randomly.
Over the last 30 days Coinroom Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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