Correlation Analysis Between Gemini Bitcoin and BitTrex Bitcoin

This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and BitTrex Bitcoin USD. You can compare the effects of market volatilities on Gemini Bitcoin and BitTrex 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 BitTrex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and BitTrex 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.
BitTrex Bitcoin USD  
00

Risk-Adjusted Performance

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

Gemini Bitcoin and BitTrex Bitcoin Volatility Contrast

Gemini Bitcoin USD  vs.  BitTrex Bitcoin USD

Gemini

Bitcoin on Gemini in USD

 10,296 
0.00  0.00%
Market Cap: 342.7 B
  

BitTrex

Bitcoin on BitTrex in USD

 10,310 
0.00  0.00%
Market Cap: 70.6 B
(13.81)
0.13% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,029,480  in BitTrex Bitcoin USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding BitTrex Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Gemini Bitcoin and BitTrex Bitcoin

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

Diversification Opportunities for Gemini Bitcoin and BitTrex 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 BitTrex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex 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 BitTrex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and BitTrex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.


 
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