Correlation Analysis Between LakeBTC Bitcoin and Exmo Bitcoin

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

LakeBTC Bitcoin USD  vs.  Exmo Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD
 7,444 
500.74  7.21%
Market Cap: 8.3 B
  

Exmo

Bitcoin on Exmo in USD
 6,710 
410.00  6.51%
Market Cap: 9.5 B
 733.62 
9.86% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 0.94 times more return on investment than Exmo Bitcoin. However, LakeBTC Bitcoin USD is 1.06 times less risky than Exmo Bitcoin. It trades about 0.02 of its potential returns per unit of risk. Exmo Bitcoin USD is currently generating about -0.01 per unit of risk. If you would invest  734,488  in LakeBTC Bitcoin USD on June 17, 2018 and sell it today you would earn a total of  5,039  from holding LakeBTC Bitcoin USD or generate 0.69% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Exmo Bitcoin

0.25
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Modest diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LakeBTC Bitcoin USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Exmo Bitcoin USD  
0 

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1200.01

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