Correlation Analysis Between Coinbase Bitcoin and Liqnet Bitcoin

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

Comparative Performance

Coinbase Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinbase Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Coinbase Bitcoin is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
Liqnet Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liqnet Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liqnet Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.

Coinbase Bitcoin and Liqnet Bitcoin Volatility Contrast

Coinbase Bitcoin USD  vs.  Liqnet Bitcoin USD

Coinbase

Bitcoin on Coinbase in USD

 10,328 
0.00  0.00%
Market Cap: 1386.9 B
  

Liqnet

Bitcoin on Liqnet in USD

 10,328 
0.00  0.00%
Market Cap: 370.5 B
(0.35)
0.003389% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,032,828  in Liqnet Bitcoin USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding Liqnet Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Coinbase Bitcoin and Liqnet Bitcoin

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

Diversification Opportunities for Coinbase Bitcoin and Liqnet Bitcoin

Coinbase Bitcoin USD diversification synergy

Pay attention

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