Quoine Bitcoin USD vs. Coinroom Bitcoin USD
Assuming 30 trading days horizon, Quoine Bitcoin USD is expected to under-perform the Coinroom Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Quoine Bitcoin USD is 1.32 times less risky than Coinroom Bitcoin. The crypto trades about -0.14 of its potential returns per unit of risk. The Coinroom Bitcoin USD is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest 751,831 in Coinroom Bitcoin USD on May 23, 2018 and sell it today you would lose (100,210) from holding Coinroom Bitcoin USD or give up 13.33% of portfolio value over 30 days.
Pair Corralation between Quoine Bitcoin and Coinroom Bitcoin
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Quoine Bitcoin USD and Coinroom Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom Bitcoin USD and Quoine 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 Quoine Bitcoin USD are associated (or correlated) with Coinroom Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom Bitcoin USD has no effect on the direction of Quoine Bitcoin i.e. Quoine Bitcoin and Coinroom Bitcoin go up and down completely randomly.
Over the last 30 days Quoine Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Coinroom Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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