This module allows you to analyze existing cross correlation between Bitlish Bitcoin USD and itBit Bitcoin USD. You can compare the effects of market volatilities on Bitlish Bitcoin and itBit 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 Bitlish Bitcoin with a short position of itBit Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitlish Bitcoin and itBit Bitcoin.
|Horizon||30 Days Login to change|
|Bitlish Bitcoin USD|
Over the last 30 days Bitlish Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, Bitlish Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|itBit Bitcoin USD|
Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, itBit Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Bitlish Bitcoin and itBit Bitcoin Volatility Contrast
Bitlish Bitcoin USD vs. itBit Bitcoin USD
If you would invest 1,022,225 in itBit Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding itBit Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Bitlish Bitcoin and itBit Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Bitlish Bitcoin and itBit Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Bitlish Bitcoin USD and itBit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit Bitcoin USD and Bitlish 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 Bitlish Bitcoin USD are associated (or correlated) with itBit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Bitcoin USD has no effect on the direction of Bitlish Bitcoin i.e. Bitlish Bitcoin and itBit Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.