Pair Correlation Between LakeBTC Bitcoin and TrustDEX Bitcoin

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

LakeBTC Bitcoin USD  vs.  TrustDEX Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD
 9,556 
95.89  1.01%
Market Cap: 50.8 B
  

TrustDEX

Bitcoin on TrustDEX in USD
 9,779 
11.73  0.12%
Market Cap: 192.4 B
(222.57)
2.33% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 0.9 times more return on investment than TrustDEX Bitcoin. However, LakeBTC Bitcoin USD is 1.11 times less risky than TrustDEX Bitcoin. It trades about -0.01 of its potential returns per unit of risk. TrustDEX Bitcoin USD is currently generating about -0.03 per unit of risk. If you would invest  1,049,943  in LakeBTC Bitcoin USD on March 23, 2018 and sell it today you would lose (92,463)  from holding LakeBTC Bitcoin USD or give up 8.81% of portfolio value over 30 days.

Pair Corralation between LakeBTC Bitcoin and TrustDEX Bitcoin

0.89
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy98.33%
ValuesDaily Returns

Diversification

Very poor diversification

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

Risk-Adjusted Performance

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

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See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.