Correlation Analysis Between Gemini Bitcoin and LakeBTC Bitcoin

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

Gemini Bitcoin USD  vs.  LakeBTC Bitcoin USD

Gemini

Bitcoin on Gemini in USD
 6,360 
85.96  1.37%
Market Cap: 99.2 B
  

LakeBTC

Bitcoin on LakeBTC in USD
 7,029 
86.48  1.25%
Market Cap: 8.3 B
(669.40)
10.53% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to generate 1.35 times more return on investment than LakeBTC Bitcoin. However, Gemini Bitcoin is 1.35 times more volatile than LakeBTC Bitcoin USD. It trades about -0.02 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about -0.03 per unit of risk. If you would invest  652,950  in Gemini Bitcoin USD on June 15, 2018 and sell it today you would lose (16,954)  from holding Gemini Bitcoin USD or give up 2.6% of portfolio value over 30 days.

Pair Corralation between Gemini Bitcoin and LakeBTC Bitcoin

0.18
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Gemini Bitcoin USD  
0 

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.

Gemini Bitcoin USD

Pair trading matchups for Gemini Bitcoin
LakeBTC Bitcoin USD  
0 

Risk-Adjusted Performance

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

LakeBTC Bitcoin USD

Pair trading matchups for LakeBTC Bitcoin

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