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|
|DSX Bitcoin USD|
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|
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
DSX Bitcoin USD vs. OKCoin Bitcoin USD
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
|Time Period||2 Months [change]|
Diversification Opportunities for DSX Bitcoin and OKCoin Bitcoin
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.