Correlation Analysis Between Liqnet Bitcoin and BitTrex Bitcoin

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

Comparative Performance

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.
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 current stock price disturbance, may contribute to short term losses for the investors.

Liqnet Bitcoin and BitTrex Bitcoin Volatility Contrast

Liqnet Bitcoin USD  vs.  BitTrex Bitcoin USD

Liqnet

Bitcoin on Liqnet in USD

 10,328 
0.00  0.00%
Market Cap: 370.5 B
  

BitTrex

Bitcoin on BitTrex in USD

 10,327 
0.00  0.00%
Market Cap: 70.6 B
 1.40 
0.013555% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,034,868  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 Liqnet Bitcoin and BitTrex Bitcoin

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

Diversification Opportunities for Liqnet Bitcoin and BitTrex Bitcoin

Liqnet Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Liqnet 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 Liqnet 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 Liqnet 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 Liqnet Bitcoin i.e. Liqnet Bitcoin and BitTrex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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