Correlation Analysis Between Binance Bitcoin and Liquid Bitcoin

This module allows you to analyze existing cross correlation between Binance Bitcoin USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on Binance Bitcoin and Liquid 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 Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Binance Bitcoin and Liquid Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Binance Bitcoin USD  
00

Risk-Adjusted Performance

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.
Liquid Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liquid 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 Liquid Bitcoin Volatility Contrast

Binance Bitcoin USD  vs.  Liquid Bitcoin USD

Binance

Bitcoin on Binance in USD

 10,208 
0.00  0.00%
Market Cap: 9.5 M
  

Liquid

Bitcoin on Liquid in USD

 10,158 
0.00  0.00%
Market Cap: 167.2 B
 50.05 
0.49% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Liquid Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  100.00  from holding Liquid Bitcoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Binance Bitcoin and Liquid Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Binance Bitcoin and Liquid Bitcoin

Binance Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Binance Bitcoin USD and Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of Binance Bitcoin i.e. Binance Bitcoin and Liquid Bitcoin go up and down completely randomly.
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