This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on Liquid 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 Liquid Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Bitstamp 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 fragile basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Bitstamp Bitcoin USD|
Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Bitstamp Bitcoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.
Liquid Bitcoin and Bitstamp Bitcoin Volatility Contrast
Liquid Bitcoin USD vs. Bitstamp Bitcoin USD
If you would invest 988,133 in Liquid Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 29,591 from holding Liquid Bitcoin USD or generate 2.99% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Bitstamp Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Bitstamp Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Liquid 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 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 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 Liquid Bitcoin i.e. Liquid Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.