This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Gemini ZCash USD. You can compare the effects of market volatilities on Liquid Bitcoin and Gemini ZCash 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 Gemini ZCash. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Gemini ZCash.
|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.
|Gemini ZCash USD|
Over the last 30 days Gemini ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini ZCash is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Liquid Bitcoin and Gemini ZCash Volatility Contrast
Liquid Bitcoin USD vs. Gemini ZCash USD
If you would invest 4,804 in Gemini ZCash USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding Gemini ZCash USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Gemini ZCash
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Gemini ZCash
Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and Gemini ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini ZCash 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 Gemini ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini ZCash USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and Gemini ZCash go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.