This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and Coinbase Bitcoin USD. You can compare the effects of market volatilities on Gemini Bitcoin and Coinbase 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 Coinbase Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and Coinbase Bitcoin.
|Horizon||30 Days Login to change|
|Gemini Bitcoin USD|
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 current stock price disturbance, may contribute to short term losses for the investors.
|Coinbase Bitcoin USD|
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.
Gemini Bitcoin and Coinbase Bitcoin Volatility Contrast
Gemini Bitcoin USD vs. Coinbase Bitcoin USD
If you would invest 1,032,793 in Coinbase Bitcoin USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding Coinbase Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Gemini Bitcoin and Coinbase Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Gemini Bitcoin and Coinbase Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Gemini Bitcoin USD and Coinbase Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase 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 Coinbase Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Bitcoin USD has no effect on the direction of Gemini Bitcoin i.e. Gemini Bitcoin and Coinbase Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.