Correlation Analysis Between Liquid Bitcoin and DSX Bitcoin

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

Comparative Performance

Liquid Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liquid 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 September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
DSX Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days DSX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.

Liquid Bitcoin and DSX Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

Liquid Bitcoin USD  vs.  DSX Bitcoin USD

Liquid

Bitcoin on Liquid in USD

 10,059 
(119.02)  1.17%
Market Cap: 56.9 B
  

DSX

Bitcoin on DSX in USD

 10,338 
(63.08)  0.61%
Market Cap: 15.1 B
(278.88)
2.77% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Liquid Bitcoin USD is expected to under-perform the DSX Bitcoin. In addition to that, Liquid Bitcoin is 1.18 times more volatile than DSX Bitcoin USD. It trades about -0.06 of its total potential returns per unit of risk. DSX Bitcoin USD is currently generating about -0.02 per unit of volatility. If you would invest  1,132,049  in DSX Bitcoin USD on July 27, 2019 and sell it today you would lose (98,267)  from holding DSX Bitcoin USD or give up 8.68% of portfolio value over 30 days.

Pair Corralation between Liquid Bitcoin and DSX Bitcoin

0.93
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Liquid Bitcoin and DSX Bitcoin

Liquid Bitcoin USD diversification synergy

Almost no diversification

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