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|
|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.
|primexbt Bitcoin USD|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and primexbt Bitcoin
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.