Correlation Analysis Between StocksExchange Bitcoin and OKCoin Bitcoin

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
Symbolsvs
Check Efficiency

Comparative Performance

StocksExchange Bitcoin  
00

Risk-Adjusted Performance

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  
00

Risk-Adjusted Performance

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

StocksExchange

Bitcoin on StocksExchange in USD

 0.00 
0.00  0.00%
Market Cap: 3.9 M
  

OKCoin

Bitcoin on OKCoin in USD

 10,334 
177.94  1.75%
Market Cap: 51.9 B
(10,334)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

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

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.27%
ValuesDaily Returns

Diversification Opportunities for StocksExchange Bitcoin and OKCoin Bitcoin

StocksExchange Bitcoin USD diversification synergy

Pay attention

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.
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