Correlation Analysis Between Liqnet Bitcoin and Gemini Bitcoin

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

Liqnet Bitcoin and Gemini Bitcoin Volatility Contrast

Liqnet Bitcoin USD  vs.  Gemini Bitcoin USD

Liqnet

Bitcoin on Liqnet in USD

 10,328 
0.00  0.00%
Market Cap: 370.5 B
  

Gemini

Bitcoin on Gemini in USD

 10,331 
0.00  0.00%
Market Cap: 342.7 B
(2.93)
0.028369% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,033,121  in Gemini Bitcoin USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding Gemini Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Liqnet Bitcoin and Gemini Bitcoin

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

Diversification Opportunities for Liqnet Bitcoin and Gemini 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 Gemini Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Gemini 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 Gemini Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Gemini Bitcoin USD has no effect on the direction of Liqnet Bitcoin i.e. Liqnet Bitcoin and Gemini Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.


 
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