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.
 Time Horizon     30 Days    Login   to change
Symbolsvs

LakeBTC Bitcoin USD  vs.  Coinroom Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD
 6,551 
794.28  10.81%
Market Cap: 14.3 B
  

Coinroom

Bitcoin on Coinroom in USD
 5,766 
338.07  5.54%
Market Cap: 8.9 B
 784.72 
11.98% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 0.89 times more return on investment than Coinroom Bitcoin. However, LakeBTC Bitcoin USD is 1.13 times less risky than Coinroom Bitcoin. It trades about -0.14 of its potential returns per unit of risk. Coinroom Bitcoin USD is currently generating about -0.18 per unit of risk. If you would invest  874,951  in LakeBTC Bitcoin USD on May 25, 2018 and sell it today you would lose (140,463)  from holding LakeBTC Bitcoin USD or give up 16.05% of portfolio value over 30 days.

Pair Corralation between LakeBTC Bitcoin and Coinroom Bitcoin

0.83
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy96.77%
ValuesDaily Returns

Diversification

Very poor 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 
      Returns 
LakeBTC Bitcoin USD  
0 

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  
0 

Risk-Adjusted Performance

Over the last 30 days Coinroom Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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