This module allows you to analyze existing cross correlation between LakeBTC Bitcoin USD and Bitlish Bitcoin USD. You can compare the effects of market volatilities on LakeBTC Bitcoin and Bitlish 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 Bitlish Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LakeBTC Bitcoin and Bitlish 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 somewhat strong basic indicators, LakeBTC Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Bitlish Bitcoin USD|
Over the last 30 days Bitlish Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Bitlish Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
LakeBTC Bitcoin and Bitlish Bitcoin Volatility Contrast
LakeBTC Bitcoin USD vs. Bitlish Bitcoin USD
If you would invest 1,016,050 in Bitlish Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding Bitlish Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between LakeBTC Bitcoin and Bitlish Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for LakeBTC Bitcoin and Bitlish Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC Bitcoin USD and Bitlish Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitlish 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 Bitlish Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitlish Bitcoin USD has no effect on the direction of LakeBTC Bitcoin i.e. LakeBTC Bitcoin and Bitlish Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.