This module allows you to analyze existing cross correlation between SingularityX Bitcoin USD and LakeBTC Bitcoin USD. You can compare the effects of market volatilities on SingularityX 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 SingularityX Bitcoin with a short position of LakeBTC Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of SingularityX Bitcoin and LakeBTC Bitcoin.
|Horizon||30 Days Login to change|
|SingularityX Bitcoin USD|
Over the last 30 days SingularityX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, SingularityX Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|LakeBTC Bitcoin USD|
Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat weak basic indicators, LakeBTC Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
SingularityX Bitcoin and LakeBTC Bitcoin Volatility Contrast
SingularityX Bitcoin USD vs. LakeBTC Bitcoin USD
Assuming 30 trading days horizon, SingularityX Bitcoin is expected to generate 1.85 times less return on investment than LakeBTC Bitcoin. But when comparing it to its historical volatility, SingularityX Bitcoin USD is 1.07 times less risky than LakeBTC Bitcoin. It trades about 0.41 of its potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about 0.71 of returns per unit of risk over similar time horizon. If you would invest 1,018,140 in LakeBTC Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 34,681 from holding LakeBTC Bitcoin USD or generate 3.41% return on investment over 30 days.
Pair Corralation between SingularityX Bitcoin and LakeBTC Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for SingularityX Bitcoin and LakeBTC Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding SingularityX 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 SingularityX 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 SingularityX 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 SingularityX Bitcoin i.e. SingularityX Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.