This module allows you to analyze existing cross correlation between Exmo Bitcoin USD and LakeBTC Bitcoin USD. You can compare the effects of market volatilities on Exmo 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 Exmo Bitcoin with a short position of LakeBTC Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Bitcoin and LakeBTC Bitcoin.
|Horizon||30 Days Login to change|
|Exmo Bitcoin USD|
Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.
|LakeBTC Bitcoin USD|
Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Exmo Bitcoin and LakeBTC Bitcoin Volatility Contrast
Exmo Bitcoin USD vs. LakeBTC Bitcoin USD
Assuming 30 trading days horizon, Exmo Bitcoin USD is expected to generate 0.39 times more return on investment than LakeBTC Bitcoin. However, Exmo Bitcoin USD is 2.58 times less risky than LakeBTC Bitcoin. It trades about -0.71 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest 1,025,523 in Exmo Bitcoin USD on August 22, 2019 and sell it today you would lose (4,515) from holding Exmo Bitcoin USD or give up 0.44% of portfolio value over 30 days.
Pair Corralation between Exmo Bitcoin and LakeBTC Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Bitcoin and LakeBTC Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo 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 Exmo 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 Exmo 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 Exmo Bitcoin i.e. Exmo Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.