Correlation Analysis Between LakeBTC Bitcoin and Bitstamp Bitcoin

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

LakeBTC Bitcoin USD  vs.  Bitstamp Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 7,020 
194.49  2.85%
Market Cap: 21.8 B
  

Bitstamp

Bitcoin on Bitstamp in USD

 6,388 
188.60  3.04%
Market Cap: 112.1 B
 631.75 
9.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin is expected to generate 1.2 times less return on investment than Bitstamp Bitcoin. But when comparing it to its historical volatility, LakeBTC Bitcoin USD is 1.14 times less risky than Bitstamp Bitcoin. It trades about 0.06 of its potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  624,993  in Bitstamp Bitcoin USD on September 15, 2018 and sell it today you would earn a total of  15,006  from holding Bitstamp Bitcoin USD or generate 2.4% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Bitstamp Bitcoin

0.8
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LakeBTC Bitcoin USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Bitstamp Bitcoin USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Bitcoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

My Equities

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GOOG - USA Stock
Alphabet
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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1092.25

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