Correlation Analysis Between Liquid Bitcoin and primexbt Bitcoin

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

Risk-Adjusted Performance

Over the last 30 days primexbt Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, primexbt Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

Liquid Bitcoin and primexbt Bitcoin Volatility Contrast

Liquid Bitcoin USD  vs.  primexbt Bitcoin USD

Liquid

Bitcoin on Liquid in USD

 10,170 
0.00  0.00%
Market Cap: 167.2 B
  

primexbt

Bitcoin on primexbt in USD

 10,154 
0.00  0.00%
Market Cap: 27.1 B
 15.63 
0.15% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  993,200  in primexbt Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  34,800  from holding primexbt Bitcoin USD or generate 3.5% return on investment over 30 days.

Pair Corralation between Liquid Bitcoin and primexbt Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Liquid Bitcoin and primexbt Bitcoin

Liquid Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and primexbt Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Bitcoin USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and primexbt Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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