Correlation Analysis Between primexbt Bitcoin and LakeBTC Bitcoin

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

Comparative Performance

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 weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
LakeBTC Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

primexbt Bitcoin and LakeBTC Bitcoin Volatility Contrast

 Predicted Return Density 
      Returns 

primexbt Bitcoin USD  vs.  LakeBTC Bitcoin USD

primexbt

Bitcoin on primexbt in USD

 10,165 
(185.55)  1.79%
Market Cap: 695.6 B
  

LakeBTC

Bitcoin on LakeBTC in USD

 10,473 
(197.02)  1.85%
Market Cap: 68.9 B
(308.09)
3.03% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, primexbt Bitcoin USD is expected to generate 0.9 times more return on investment than LakeBTC Bitcoin. However, primexbt Bitcoin USD is 1.11 times less risky than LakeBTC Bitcoin. It trades about -0.05 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about -0.06 per unit of risk. If you would invest  1,287,700  in primexbt Bitcoin USD on July 25, 2019 and sell it today you would lose (252,645)  from holding primexbt Bitcoin USD or give up 19.62% of portfolio value over 30 days.

Pair Corralation between primexbt Bitcoin and LakeBTC Bitcoin

0.21
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy73.33%
ValuesDaily Returns

Diversification Opportunities for primexbt Bitcoin and LakeBTC Bitcoin

primexbt Bitcoin USD diversification synergy

Modest diversification

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