This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and LiveCoin Bitcoin USD. You can compare the effects of market volatilities on Gemini Bitcoin and LiveCoin 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 LiveCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and LiveCoin 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 weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|LiveCoin Bitcoin USD|
Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Bitcoin is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholder.
Gemini Bitcoin and LiveCoin Bitcoin Volatility Contrast
Predicted Return Density
Gemini Bitcoin USD vs. LiveCoin Bitcoin USD
Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to under-perform the LiveCoin Bitcoin. In addition to that, Gemini Bitcoin is 1.14 times more volatile than LiveCoin Bitcoin USD. It trades about -0.05 of its total potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about -0.02 per unit of volatility. If you would invest 1,143,218 in LiveCoin Bitcoin USD on July 25, 2019 and sell it today you would lose (106,817) from holding LiveCoin Bitcoin USD or give up 9.34% of portfolio value over 30 days.
Pair Corralation between Gemini Bitcoin and LiveCoin Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for Gemini Bitcoin and LiveCoin Bitcoin
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and LiveCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin 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 LiveCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and LiveCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.