Correlation Analysis Between LakeBTC Bitcoin and Coinroom Bitcoin

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

LakeBTC Bitcoin USD  vs.  Coinroom Bitcoin USD


Bitcoin on LakeBTC in USD

58.73  0.80%
Market Cap: 44.2 B


Bitcoin on Coinroom in USD

41.61  0.63%
Market Cap: 1.2 B
9.85% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin is expected to generate 7.19 times less return on investment than Coinroom Bitcoin. But when comparing it to its historical volatility, LakeBTC Bitcoin USD is 1.48 times less risky than Coinroom Bitcoin. It trades about 0.01 of its potential returns per unit of risk. Coinroom Bitcoin USD is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  641,820  in Coinroom Bitcoin USD on August 24, 2018 and sell it today you would earn a total of  20,190  from holding Coinroom Bitcoin USD or generate 3.15% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Coinroom Bitcoin

Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 
LakeBTC Bitcoin USD  

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.
Coinroom Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

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