This module allows you to analyze existing cross correlation between bingcoins Bitcoin USD and P2PB2B Bitcoin USD. You can compare the effects of market volatilities on bingcoins Bitcoin and P2PB2B 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 bingcoins Bitcoin with a short position of P2PB2B Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of bingcoins Bitcoin and P2PB2B Bitcoin.
|Horizon||30 Days Login to change|
|bingcoins Bitcoin USD|
Over the last 30 days bingcoins Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, bingcoins Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|P2PB2B Bitcoin USD|
Over the last 30 days P2PB2B Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
bingcoins Bitcoin and P2PB2B Bitcoin Volatility Contrast
bingcoins Bitcoin USD vs. P2PB2B Bitcoin USD
If you would invest 1,031,339 in P2PB2B Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding P2PB2B Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between bingcoins Bitcoin and P2PB2B Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for bingcoins Bitcoin and P2PB2B Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding bingcoins Bitcoin USD and P2PB2B Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Bitcoin USD and bingcoins 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 bingcoins Bitcoin USD are associated (or correlated) with P2PB2B Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Bitcoin USD has no effect on the direction of bingcoins Bitcoin i.e. bingcoins Bitcoin and P2PB2B Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.