Correlation Analysis Between LakeBTC Bitcoin and Bitforex Bitcoin

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

Comparative Performance

LakeBTC Bitcoin USD  
00

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. Despite somewhat fragile basic indicators, LakeBTC Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
Bitforex Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitforex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitforex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.

LakeBTC Bitcoin and Bitforex Bitcoin Volatility Contrast

LakeBTC Bitcoin USD  vs.  Bitforex Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 10,447 
(81.14)  0.77%
Market Cap: 177.9 B
  

Bitforex

Bitcoin on Bitforex in USD

 9,767 
0.00  0.00%
Market Cap: 23.2 M
 679.89 
6.51% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,018,140  in LakeBTC Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  34,681  from holding LakeBTC Bitcoin USD or generate 3.41% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Bitforex Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LakeBTC Bitcoin and Bitforex Bitcoin

LakeBTC Bitcoin USD diversification synergy

Pay attention

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