This module allows you to analyze existing cross correlation between Coinsbit Bitcoin USD and EXRATES Bitcoin USD. You can compare the effects of market volatilities on Coinsbit Bitcoin and EXRATES 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 Coinsbit Bitcoin with a short position of EXRATES Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinsbit Bitcoin and EXRATES Bitcoin.
|Horizon||30 Days Login to change|
|Coinsbit Bitcoin USD|
Over the last 30 days Coinsbit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in September 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of weak performance in the last few months, the Crypto's forward-looking signals remain relatively invariable which may send shares a bit higher in September 2019. The latest agitation may also be a sign of long running up-swing for the entity management.
Coinsbit Bitcoin and EXRATES Bitcoin Volatility Contrast
Predicted Return Density
Coinsbit Bitcoin USD vs. EXRATES Bitcoin USD
Assuming 30 trading days horizon, Coinsbit Bitcoin USD is expected to generate 1.16 times more return on investment than EXRATES Bitcoin. However, Coinsbit Bitcoin is 1.16 times more volatile than EXRATES Bitcoin USD. It trades about -0.04 of its potential returns per unit of risk. EXRATES Bitcoin USD is currently generating about -0.06 per unit of risk. If you would invest 1,256,600 in Coinsbit Bitcoin USD on July 25, 2019 and sell it today you would lose (256,300) from holding Coinsbit Bitcoin USD or give up 20.4% of portfolio value over 30 days.
Pair Corralation between Coinsbit Bitcoin and EXRATES Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Coinsbit Bitcoin and EXRATES Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Coinsbit Bitcoin USD and EXRATES Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES Bitcoin USD and Coinsbit 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 Coinsbit Bitcoin USD are associated (or correlated) with EXRATES Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Bitcoin USD has no effect on the direction of Coinsbit Bitcoin i.e. Coinsbit Bitcoin and EXRATES Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.