This module allows you to analyze existing cross correlation between StocksExchange Bitcoin USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on StocksExchange Bitcoin and OKCoin 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 StocksExchange Bitcoin with a short position of OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of StocksExchange Bitcoin and OKCoin Bitcoin.
|Horizon||30 Days Login to change|
Over the last 30 days StocksExchange Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, StocksExchange Bitcoin is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
|OKCoin Bitcoin USD|
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.
StocksExchange Bitcoin and OKCoin Bitcoin Volatility Contrast
StocksExchange Bitcoin USD vs. OKCoin Bitcoin USD
If you would invest 0.00 in StocksExchange Bitcoin USD on July 26, 2019 and sell it today you would earn a total of 0.00 from holding StocksExchange Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between StocksExchange Bitcoin and OKCoin Bitcoin
|Time Period||2 Months [change]|
Diversification Opportunities for StocksExchange Bitcoin and OKCoin Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding StocksExchange Bitcoin USD and OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin USD and StocksExchange 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 StocksExchange Bitcoin USD are associated (or correlated) with OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of StocksExchange Bitcoin i.e. StocksExchange Bitcoin and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of macroaxis ideas.