Correlation Analysis Between EXRATES Bitcoin and LakeBTC Bitcoin

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

Comparative Performance

EXRATES Bitcoin USD  
00

Risk-Adjusted Performance

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 relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
LakeBTC Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, LakeBTC Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

EXRATES Bitcoin and LakeBTC Bitcoin Volatility Contrast

EXRATES Bitcoin USD  vs.  LakeBTC Bitcoin USD

EXRATES

Bitcoin on EXRATES in USD

 10,183 
0.00  0.00%
Market Cap: 667.9 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 10,468 
0.00  0.00%
Market Cap: 177.9 B
(285.35)
2.80% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,046,786  in LakeBTC Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding LakeBTC Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between EXRATES Bitcoin and LakeBTC Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for EXRATES Bitcoin and LakeBTC Bitcoin

EXRATES Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EXRATES 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 EXRATES 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 EXRATES 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 EXRATES Bitcoin i.e. EXRATES Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.


 
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