Correlation Analysis Between Coinbase Bitcoin and Liquid Bitcoin

This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on Coinbase 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 Coinbase Bitcoin with a short position of Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Liquid 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 prevalent stock price agitation, may contribute to short term losses for the management.
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.

Coinbase Bitcoin and Liquid Bitcoin Volatility Contrast

Coinbase Bitcoin USD  vs.  Liquid Bitcoin USD

Coinbase

Bitcoin on Coinbase in USD

 10,293 
0.00  0.00%
Market Cap: 1386.9 B
  

Liquid

Bitcoin on Liquid in USD

 10,322 
0.00  0.00%
Market Cap: 167.2 B
(28.51)
0.28% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,030,487  in Liquid Bitcoin USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Liquid Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Coinbase Bitcoin and Liquid Bitcoin

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

Diversification Opportunities for Coinbase Bitcoin and Liquid 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 Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 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 Coinbase Bitcoin i.e. Coinbase Bitcoin and Liquid 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.


 
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