This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Binance Bitcoin USD. You can compare the effects of market volatilities on Liquid Bitcoin and Binance 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 Liquid Bitcoin with a short position of Binance Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Binance Bitcoin.
|Horizon||30 Days Login to change|
|Liquid Bitcoin USD|
Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liquid Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Binance Bitcoin USD|
Over the last 30 days Binance Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
Liquid Bitcoin and Binance Bitcoin Volatility Contrast
Liquid Bitcoin USD vs. Binance Bitcoin USD
If you would invest 977,518 in Binance Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding Binance Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Binance Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Binance Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and Binance Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance Bitcoin USD and Liquid 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 Liquid Bitcoin USD are associated (or correlated) with Binance Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance Bitcoin USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and Binance Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.