This module allows you to analyze existing cross correlation between P2PB2B Bitcoin USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on P2PB2B Bitcoin and Liquid 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 P2PB2B Bitcoin with a short position of Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Bitcoin and Liquid Bitcoin.
|Horizon||30 Days Login to change|
|P2PB2B Bitcoin USD|
Over the last 30 days P2PB2B Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|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 fragile basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
P2PB2B Bitcoin and Liquid Bitcoin Volatility Contrast
P2PB2B Bitcoin USD vs. Liquid Bitcoin USD
If you would invest 988,133 in Liquid Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 29,591 from holding Liquid Bitcoin USD or generate 2.99% return on investment over 30 days.
Pair Corralation between P2PB2B Bitcoin and Liquid Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for P2PB2B Bitcoin and Liquid Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Bitcoin USD and Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid Bitcoin USD and P2PB2B 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 P2PB2B Bitcoin USD are associated (or correlated) with Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of P2PB2B Bitcoin i.e. P2PB2B Bitcoin and Liquid Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.