This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on Gemini Bitcoin and Bitstamp 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 Gemini Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Bitstamp Bitcoin.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest weak performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.
|Bitstamp Bitcoin USD|
Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest weak performance, the Crypto's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the entity stakeholders.
Gemini Bitcoin and Bitstamp Bitcoin Volatility Contrast
Predicted Return Density
Gemini Bitcoin USD vs. Bitstamp Bitcoin USD
Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to generate 0.98 times more return on investment than Bitstamp Bitcoin. However, Gemini Bitcoin USD is 1.02 times less risky than Bitstamp Bitcoin. It trades about -0.02 of its potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.02 per unit of risk. If you would invest 1,168,794 in Gemini Bitcoin USD on July 23, 2019 and sell it today you would lose (156,406) from holding Gemini Bitcoin USD or give up 13.38% of portfolio value over 30 days.
Pair Corralation between Gemini Bitcoin and Bitstamp Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Bitstamp Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD 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 Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.