Correlation Analysis Between Liqnet Bitcoin and Bitstamp Bitcoin

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

Comparative Performance

Liqnet Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liqnet Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Bitstamp Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with latest fragile performance, the Crypto's technical indicators remain steady and the new chaos on Wall Street may also be a sign of medium term gains for the entity stakeholders.

Liqnet Bitcoin and Bitstamp Bitcoin Volatility Contrast

Liqnet Bitcoin USD  vs.  Bitstamp Bitcoin USD

Liqnet

Bitcoin on Liqnet in USD

 9,996 
(57.19)  0.57%
Market Cap: 370.5 B
  

Bitstamp

Bitcoin on Bitstamp in USD

 10,005 
(97.48)  0.96%
Market Cap: 1100.9 B
(8.37)
0.08% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Liqnet Bitcoin USD is expected to under-perform the Bitstamp Bitcoin. In addition to that, Liqnet Bitcoin is 2.15 times more volatile than Bitstamp Bitcoin USD. It trades about -0.71 of its total potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.71 per unit of volatility. If you would invest  1,010,206  in Bitstamp Bitcoin USD on August 22, 2019 and sell it today you would lose (2,674)  from holding Bitstamp Bitcoin USD or give up 0.26% of portfolio value over 30 days.

Pair Corralation between Liqnet Bitcoin and Bitstamp Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Liqnet Bitcoin and Bitstamp Bitcoin

Liqnet Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Liqnet Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and Liqnet 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 Liqnet Bitcoin USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Liqnet Bitcoin i.e. Liqnet Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.


 
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