This module allows you to analyze existing cross correlation between itBit Bitcoin USD and Quoine Bitcoin USD. You can compare the effects of market volatilities on itBit Bitcoin and Quoine 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 itBit Bitcoin with a short position of Quoine Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of itBit Bitcoin and Quoine Bitcoin.
|Time Horizon||30 Days Login to change|
itBit Bitcoin USD vs. Quoine Bitcoin USD
Assuming 30 trading days horizon, itBit Bitcoin USD is expected to generate 1.03 times more return on investment than Quoine Bitcoin. However, itBit Bitcoin is 1.03 times more volatile than Quoine Bitcoin USD. It trades about -0.1 of its potential returns per unit of risk. Quoine Bitcoin USD is currently generating about -0.12 per unit of risk. If you would invest 751,912 in itBit Bitcoin USD on May 22, 2018 and sell it today you would lose (79,691) from holding itBit Bitcoin USD or give up 10.6% of portfolio value over 30 days.