This module allows you to analyze existing cross correlation between Binance Bitcoin USD and LakeBTC Bitcoin USD. You can compare the effects of market volatilities on Binance 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 Binance Bitcoin with a short position of LakeBTC Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Binance Bitcoin and LakeBTC Bitcoin.
|Horizon||30 Days Login to change|
|Binance Bitcoin USD|
Over the last 30 days Binance Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
|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 strong basic indicators, LakeBTC Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Binance Bitcoin and LakeBTC Bitcoin Volatility Contrast
Binance Bitcoin USD vs. LakeBTC Bitcoin USD
If you would invest 0.00 in LakeBTC Bitcoin USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding LakeBTC Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Binance Bitcoin and LakeBTC Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Binance Bitcoin and LakeBTC Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Binance 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 Binance 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 Binance 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 Binance Bitcoin i.e. Binance Bitcoin and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..