This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and Bitfinex Bitcoin USD. You can compare the effects of market volatilities on Liquid Bitcoin and Bitfinex 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 Liquid Bitcoin with a short position of Bitfinex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and Bitfinex Bitcoin.
|Horizon||30 Days Login to change|
|Liquid Bitcoin USD|
Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Liquid Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Bitfinex Bitcoin USD|
Over the last 30 days Bitfinex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
Liquid Bitcoin and Bitfinex Bitcoin Volatility Contrast
Liquid Bitcoin USD vs. Bitfinex Bitcoin USD
If you would invest 1,031,800 in Bitfinex Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding Bitfinex Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and Bitfinex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and Bitfinex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and Bitfinex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Bitcoin USD and Liquid 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 Liquid Bitcoin USD are associated (or correlated) with Bitfinex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Bitcoin USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and Bitfinex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.