Correlation Analysis Between Liquid Bitcoin and Exmo Bitcoin

This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Exmo Bitcoin USD. You can compare the effects of market volatilities on Liquid Bitcoin and Exmo 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 Exmo Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Exmo 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 latest weak 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.
Exmo Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Bitcoin is not utilizing all of its potentials. The latest stock price uproar, may contribute to short horizon losses for the leadership.

Liquid Bitcoin and Exmo Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

Liquid Bitcoin USD  vs.  Exmo Bitcoin USD

Liquid

Bitcoin on Liquid in USD

 10,065 
6.43  0.06%
Market Cap: 60.4 B
  

Exmo

Bitcoin on Exmo in USD

 10,582 
290.63  2.82%
Market Cap: 813.2 M
(516.14)
5.13% 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 Exmo Bitcoin. In addition to that, Liquid Bitcoin is 1.06 times more volatile than Exmo Bitcoin USD. It trades about -0.02 of its total potential returns per unit of risk. Exmo Bitcoin USD is currently generating about -0.01 per unit of volatility. If you would invest  1,110,000  in Exmo Bitcoin USD on July 26, 2019 and sell it today you would lose (80,903)  from holding Exmo Bitcoin USD or give up 7.29% of portfolio value over 30 days.

Pair Corralation between Liquid Bitcoin and Exmo Bitcoin

0.97
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy97.78%
ValuesDaily Returns

Diversification Opportunities for Liquid Bitcoin and Exmo 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 Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo 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 Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and Exmo Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.


 
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