Correlation Analysis Between LakeBTC Bitcoin and Liquid Bitcoin

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

Comparative Performance

LakeBTC Bitcoin USD  
44

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. Despite somewhat weak basic indicators, LakeBTC Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
Liquid Bitcoin USD  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Liquid Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

LakeBTC Bitcoin and Liquid Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

LakeBTC Bitcoin USD  vs.  Liquid Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 10,465 
(78.65)  0.75%
Market Cap: 68.9 B
  

Liquid

Bitcoin on Liquid in USD

 10,209 
(39.52)  0.39%
Market Cap: 64.7 B
 256.62 
2.45% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 1.0 times more return on investment than Liquid Bitcoin. However, LakeBTC Bitcoin is 1.0 times more volatile than Liquid Bitcoin USD. It trades about 0.06 of its potential returns per unit of risk. Liquid Bitcoin USD is currently generating about 0.06 per unit of risk. If you would invest  968,396  in LakeBTC Bitcoin USD on July 19, 2019 and sell it today you would earn a total of  85,990  from holding LakeBTC Bitcoin USD or generate 8.88% return on investment over 30 days.

Pair Corralation between LakeBTC Bitcoin and Liquid Bitcoin

0.95
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LakeBTC Bitcoin and Liquid Bitcoin

LakeBTC Bitcoin USD diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC Bitcoin USD and Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of LakeBTC Bitcoin i.e. LakeBTC Bitcoin and Liquid Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.


 
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