Correlation Analysis Between DSX Bitcoin and OKCoin Bitcoin

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

Comparative Performance

DSX Bitcoin USD  
44

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in DSX Bitcoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, DSX Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
OKCoin Bitcoin USD  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in OKCoin Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, OKCoin Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

DSX Bitcoin and OKCoin Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

DSX Bitcoin USD  vs.  OKCoin Bitcoin USD

DSX

Bitcoin on DSX in USD

 10,247 
(118.65)  1.14%
Market Cap: 15.1 B
  

OKCoin

Bitcoin on OKCoin in USD

 10,647 
287.41  2.77%
Market Cap: 58.1 B
(400.39)
3.91% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, DSX Bitcoin USD is expected to generate 0.93 times more return on investment than OKCoin Bitcoin. However, DSX Bitcoin USD is 1.07 times less risky than OKCoin Bitcoin. It trades about 0.06 of its potential returns per unit of risk. OKCoin Bitcoin USD is currently generating about 0.06 per unit of risk. If you would invest  954,289  in DSX Bitcoin USD on July 20, 2019 and sell it today you would earn a total of  82,257  from holding DSX Bitcoin USD or generate 8.62% return on investment over 30 days.

Pair Corralation between DSX Bitcoin and OKCoin Bitcoin

0.94
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy97.73%
ValuesDaily Returns

Diversification Opportunities for DSX Bitcoin and OKCoin Bitcoin

DSX Bitcoin USD diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding DSX Bitcoin 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 DSX 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 DSX Bitcoin 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 DSX Bitcoin i.e. DSX Bitcoin and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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