Correlation Analysis Between Liqnet Bitcoin and ExtStock Bitcoin

This module allows you to analyze existing cross correlation between Liqnet Bitcoin USD and ExtStock Bitcoin USD. You can compare the effects of market volatilities on Liqnet Bitcoin and ExtStock 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 ExtStock Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liqnet Bitcoin and ExtStock 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 prevalent stock price disturbance, may contribute to short term losses for the investors.
ExtStock Bitcoin USD  
00

Risk-Adjusted Performance

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

Liqnet Bitcoin and ExtStock Bitcoin Volatility Contrast

Liqnet Bitcoin USD  vs.  ExtStock Bitcoin USD

Liqnet

Bitcoin on Liqnet in USD

 10,164 
0.00  0.00%
Market Cap: 370.5 B
  

ExtStock

Bitcoin on ExtStock in USD

 10,100 
0.00  0.00%
Market Cap: 40.2 B
 64.15 
0.63% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,010,030  in ExtStock Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding ExtStock Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Liqnet Bitcoin and ExtStock Bitcoin

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

Diversification Opportunities for Liqnet Bitcoin and ExtStock 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 ExtStock Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on ExtStock 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 ExtStock Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ExtStock Bitcoin USD has no effect on the direction of Liqnet Bitcoin i.e. Liqnet Bitcoin and ExtStock Bitcoin go up and down completely randomly.
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