Correlation Analysis Between Gemini Bitcoin and CoinDeal Bitcoin

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

Comparative Performance

Gemini Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
CoinDeal Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days CoinDeal Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, CoinDeal Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

Gemini Bitcoin and CoinDeal Bitcoin Volatility Contrast

Gemini Bitcoin USD  vs.  CoinDeal Bitcoin USD

Gemini

Bitcoin on Gemini in USD

 10,146 
0.00  0.00%
Market Cap: 342.7 B
  

CoinDeal

Bitcoin on CoinDeal in USD

 10,192 
0.00  0.00%
Market Cap: 43.3 B
(45.43)
0.45% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  982,439  in CoinDeal Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  36,692  from holding CoinDeal Bitcoin USD or generate 3.73% return on investment over 30 days.

Pair Corralation between Gemini Bitcoin and CoinDeal Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy33.33%
ValuesDaily Returns

Diversification Opportunities for Gemini Bitcoin and CoinDeal Bitcoin

Gemini Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and CoinDeal Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CoinDeal 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 CoinDeal Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CoinDeal Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and CoinDeal Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.


 
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