Correlation Analysis Between OKCoin Bitcoin and CryptoCarbon CryptoCarbon

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

Comparative Performance

OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
CryptoCarbon CryptoCarbon  
00

Risk-Adjusted Performance

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

OKCoin Bitcoin and CryptoCarbon CryptoCarbon Volatility Contrast

OKCoin Bitcoin USD  vs.  CryptoCarbon CryptoCarbon USD

OKCoin

Bitcoin on OKCoin in USD

 10,132 
0.00  0.00%
Market Cap: 29.2 B
  

CryptoCarbon

CryptoCarbon on CryptoCarbon in USD

 0.07 
0.0092  15.92%
Market Cap: 161
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5.78  in CryptoCarbon CryptoCarbon USD on August 21, 2019 and sell it today you would earn a total of  0.92  from holding CryptoCarbon CryptoCarbon USD or generate 15.92% return on investment over 30 days.

Pair Corralation between OKCoin Bitcoin and CryptoCarbon CryptoCarbon

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for OKCoin Bitcoin and CryptoCarbon CryptoCarbon

OKCoin Bitcoin USD diversification synergy

Pay attention

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