This module allows you to analyze existing cross correlation between LakeBTC Bitcoin USD and bingcoins Bitcoin USD. You can compare the effects of market volatilities on LakeBTC Bitcoin and bingcoins 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 LakeBTC Bitcoin with a short position of bingcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LakeBTC Bitcoin and bingcoins Bitcoin.
|Horizon||30 Days Login to change|
|LakeBTC Bitcoin USD|
Over the last 30 days LakeBTC 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.
|bingcoins Bitcoin USD|
Compared to the overall equity markets, risk-adjusted returns on investments in bingcoins Bitcoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, bingcoins Bitcoin layed out solid returns over the last few months and may actually be approaching a breakup point.
LakeBTC Bitcoin and bingcoins Bitcoin Volatility Contrast
Predicted Return Density
LakeBTC Bitcoin USD vs. bingcoins Bitcoin USD
Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to under-perform the bingcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, LakeBTC Bitcoin USD is 26.51 times less risky than bingcoins Bitcoin. The crypto trades about -0.06 of its potential returns per unit of risk. The bingcoins Bitcoin USD is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 0.00 in bingcoins Bitcoin USD on July 25, 2019 and sell it today you would earn a total of 990,910 from holding bingcoins Bitcoin USD or generate 9.223372036854776E16% return on investment over 30 days.
Pair Corralation between LakeBTC Bitcoin and bingcoins Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for LakeBTC Bitcoin and bingcoins Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC Bitcoin USD and bingcoins Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on bingcoins Bitcoin USD and LakeBTC 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 LakeBTC Bitcoin USD are associated (or correlated) with bingcoins Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of bingcoins Bitcoin USD has no effect on the direction of LakeBTC Bitcoin i.e. LakeBTC Bitcoin and bingcoins Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..