Pair Correlation Between Gatecoin Bitcoin and TrustDEX Bitcoin

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

Gatecoin Bitcoin USD  vs.  TrustDEX Bitcoin USD

Gatecoin

Bitcoin on Gatecoin in USD
 9,000 
219.80  2.38%
Market Cap: 279.2 M
  

TrustDEX

Bitcoin on TrustDEX in USD
 10,138 
53.90  0.53%
Market Cap: 127.9 B
(1,138)
12.64% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Gatecoin Bitcoin USD is expected to under-perform the TrustDEX Bitcoin. In addition to that, Gatecoin Bitcoin is 1.11 times more volatile than TrustDEX Bitcoin USD. It trades about -0.03 of its total potential returns per unit of risk. TrustDEX Bitcoin USD is currently generating about -0.02 per unit of volatility. If you would invest  1,136,850  in TrustDEX Bitcoin USD on March 28, 2018 and sell it today you would lose (123,090)  from holding TrustDEX Bitcoin USD or give up 10.83% of portfolio value over 30 days.

Pair Corralation between Gatecoin Bitcoin and TrustDEX Bitcoin

0.93
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy98.36%
ValuesDaily Returns

Diversification

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Gatecoin Bitcoin USD and TrustDEX Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on TrustDEX Bitcoin USD and Gatecoin 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 Gatecoin Bitcoin USD are associated (or correlated) with TrustDEX Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TrustDEX Bitcoin USD has no effect on the direction of Gatecoin Bitcoin i.e. Gatecoin Bitcoin and TrustDEX Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Gatecoin Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Gatecoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
TrustDEX Bitcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days TrustDEX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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