Correlation Analysis Between Bitstamp Bitcoin and Cexio Bitcoin

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

Comparative Performance

Bitstamp Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in October 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.
Cexio Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

Bitstamp Bitcoin and Cexio Bitcoin Volatility Contrast

Bitstamp Bitcoin USD  vs.  Cexio Bitcoin USD

Bitstamp

Bitcoin on Bitstamp in USD

 10,303 
(22.28)  0.22%
Market Cap: 1100.9 B
  

Cexio

Bitcoin on Cexio in USD

 10,339 
(6.10)  0.06%
Market Cap: 512.4 M
(36.22)
0.35% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Bitcoin USD is expected to under-perform the Cexio Bitcoin. In addition to that, Bitstamp Bitcoin is 1.11 times more volatile than Cexio Bitcoin USD. It trades about -0.71 of its total potential returns per unit of risk. Cexio Bitcoin USD is currently generating about -0.71 per unit of volatility. If you would invest  1,034,510  in Cexio Bitcoin USD on August 17, 2019 and sell it today you would lose (17,020)  from holding Cexio Bitcoin USD or give up 1.65% of portfolio value over 30 days.

Pair Corralation between Bitstamp Bitcoin and Cexio Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Bitstamp Bitcoin and Cexio Bitcoin

Bitstamp Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp Bitcoin USD and Cexio Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Bitcoin USD and Bitstamp 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 Bitstamp Bitcoin USD are associated (or correlated) with Cexio Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Bitcoin USD has no effect on the direction of Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Cexio Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.


 
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