Correlation Analysis Between Liqnet Bitcoin and CoinDeal Bitcoin

This module allows you to analyze existing cross correlation between Liqnet Bitcoin USD and CoinDeal Bitcoin USD. You can compare the effects of market volatilities on Liqnet Bitcoin and CoinDeal 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 CoinDeal Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liqnet Bitcoin and CoinDeal 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 somewhat fragile basic indicators, Liqnet Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
CoinDeal Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days CoinDeal Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, CoinDeal Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

Liqnet Bitcoin and CoinDeal Bitcoin Volatility Contrast

Liqnet Bitcoin USD  vs.  CoinDeal Bitcoin USD

Liqnet

Bitcoin on Liqnet in USD

 0.00 
0.00  0.00%
Market Cap: 370.5 B
  

CoinDeal

Bitcoin on CoinDeal in USD

 10,192 
0.00  0.00%
Market Cap: 43.3 B
(10,192)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Liqnet Bitcoin USD is expected to generate 0.8 times more return on investment than CoinDeal Bitcoin. However, Liqnet Bitcoin USD is 1.25 times less risky than CoinDeal Bitcoin. It trades about 0.71 of its potential returns per unit of risk. CoinDeal Bitcoin USD is currently generating about 0.49 per unit of risk. If you would invest  990,329  in Liqnet Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  28,438  from holding Liqnet Bitcoin USD or generate 2.87% return on investment over 30 days.

Pair Corralation between Liqnet Bitcoin and CoinDeal Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy66.67%
ValuesDaily Returns

Diversification Opportunities for Liqnet Bitcoin and CoinDeal 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 CoinDeal Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CoinDeal 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 CoinDeal Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CoinDeal Bitcoin USD has no effect on the direction of Liqnet Bitcoin i.e. Liqnet Bitcoin and CoinDeal Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.


 
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