This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Bitfinex Recovery Right Tokens USD. You can compare the effects of market volatilities on Gemini Bitcoin and Bitfinex Recovery 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 Gemini Bitcoin with a short position of Bitfinex Recovery. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Bitfinex Recovery.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in Gemini Bitcoin USD are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Gemini Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Bitfinex Recovery Right|
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Recovery Right Tokens USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days. In spite of rather weak fundamental drivers, Bitfinex Recovery exhibited solid returns over the last few months and may actually be approaching a breakup point.
Gemini Bitcoin and Bitfinex Recovery Volatility Contrast
Predicted Return Density
Gemini Bitcoin USD vs. Bitfinex Recovery Right Tokens
Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to generate 0.73 times more return on investment than Bitfinex Recovery. However, Gemini Bitcoin USD is 1.37 times less risky than Bitfinex Recovery. It trades about 0.27 of its potential returns per unit of risk. Bitfinex Recovery Right Tokens USD is currently generating about 0.17 per unit of risk. If you would invest 524,610 in Gemini Bitcoin USD on May 17, 2019 and sell it today you would earn a total of 359,092 from holding Gemini Bitcoin USD or generate 68.45% return on investment over 30 days.
Pair Corralation between Gemini Bitcoin and Bitfinex Recovery
|Time Period||2 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Bitfinex Recovery
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Bitfinex Recovery Right Tokens in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Recovery Right and Gemini 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 Gemini Bitcoin USD are associated (or correlated) with Bitfinex Recovery. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Recovery Right has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Bitfinex Recovery go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.