itBit Bitcoin USD vs. Kraken Bitcoin USD
Assuming 30 trading days horizon, itBit Bitcoin USD is expected to generate 0.97 times more return on investment than Kraken Bitcoin. However, itBit Bitcoin USD is 1.03 times less risky than Kraken Bitcoin. It trades about -0.11 of its potential returns per unit of risk. Kraken Bitcoin USD is currently generating about -0.11 per unit of risk. If you would invest 751,839 in itBit Bitcoin USD on May 23, 2018 and sell it today you would lose (85,572) from holding itBit Bitcoin USD or give up 11.38% of portfolio value over 30 days.
Pair Corralation between itBit Bitcoin and Kraken Bitcoin
|Time Period||1 Month [change]|
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding itBit Bitcoin USD and Kraken Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Bitcoin USD and itBit 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 itBit Bitcoin USD are associated (or correlated) with Kraken Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Bitcoin USD has no effect on the direction of itBit Bitcoin i.e. itBit Bitcoin and Kraken Bitcoin go up and down completely randomly.
Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Kraken 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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