Correlation Analysis Between TrustDEX Bitcoin and LakeBTC Bitcoin

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

TrustDEX Bitcoin USD  vs.  LakeBTC Bitcoin USD

TrustDEX

Bitcoin on TrustDEX in USD
 8,149 
123.17  1.53%
Market Cap: 123.4 B
  

LakeBTC

Bitcoin on LakeBTC in USD
 8,068 
19.11  0.24%
Market Cap: 66.1 B
 80.67 
0.99% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, TrustDEX Bitcoin is expected to generate 1.02 times less return on investment than LakeBTC Bitcoin. In addition to that, TrustDEX Bitcoin is 1.14 times more volatile than LakeBTC Bitcoin USD. It trades about 0.1 of its total potential returns per unit of risk. LakeBTC Bitcoin USD is currently generating about 0.12 per unit of volatility. If you would invest  734,488  in LakeBTC Bitcoin USD on June 18, 2018 and sell it today you would earn a total of  70,414  from holding LakeBTC Bitcoin USD or generate 9.59% return on investment over 30 days.

Pair Corralation between TrustDEX Bitcoin and LakeBTC Bitcoin

0.47
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding TrustDEX 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 TrustDEX 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 TrustDEX 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 TrustDEX Bitcoin i.e. TrustDEX Bitcoin and LakeBTC Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
TrustDEX Bitcoin USD  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in TrustDEX Bitcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
LakeBTC Bitcoin USD  
7 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

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ExchangeNASDAQ
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