Gemini Bitcoin USD vs. itBit Bitcoin USD
Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to under-perform the itBit Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Gemini Bitcoin USD is 1.01 times less risky than itBit Bitcoin. The crypto trades about -0.19 of its potential returns per unit of risk. The itBit Bitcoin USD is currently generating about -0.18 of returns per unit of risk over similar time horizon. If you would invest 805,436 in itBit Bitcoin USD on May 21, 2018 and sell it today you would lose (142,706) from holding itBit Bitcoin USD or give up 17.72% of portfolio value over 30 days.
Pair Corralation between Gemini Bitcoin and itBit Bitcoin
|Time Period||1 Month [change]|
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and itBit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit 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 itBit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and itBit Bitcoin go up and down completely randomly.
Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
|IT, Search Cloud And Integrated IT Services|
|Business Address||1600 Amphitheatre Parkway|
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