Correlation Analysis Between Gemini Bitcoin and Bitlish Bitcoin

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

Comparative Performance

Gemini Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Gemini Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Gemini Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Bitlish Bitcoin USD  
00

Risk-Adjusted Performance

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.

Gemini Bitcoin and Bitlish Bitcoin Volatility Contrast

Gemini Bitcoin USD  vs.  Bitlish Bitcoin USD

Gemini

Bitcoin on Gemini in USD

 10,229 
0.00  0.00%
Market Cap: 342.7 B
  

Bitlish

Bitcoin on Bitlish in USD

 10,145 
0.00  0.00%
Market Cap: 90.1 B
 83.74 
0.82% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in Bitlish Bitcoin USD on August 17, 2019 and sell it today you would earn a total of  100.00  from holding Bitlish Bitcoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Gemini Bitcoin and Bitlish Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Gemini Bitcoin and Bitlish Bitcoin

Gemini Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Bitlish Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitlish Bitcoin USD and Gemini 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 Gemini Bitcoin USD are associated (or correlated) with Bitlish Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitlish Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Bitlish Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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