This module allows you to analyze existing cross correlation between Liquid Bitcoin USD and EXRATES Bitcoin USD. You can compare the effects of market volatilities on Liquid Bitcoin and EXRATES 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 EXRATES Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Bitcoin and EXRATES 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.
|EXRATES Bitcoin USD|
Over the last 30 days EXRATES Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
Liquid Bitcoin and EXRATES Bitcoin Volatility Contrast
Liquid Bitcoin USD vs. EXRATES Bitcoin USD
If you would invest 1,032,483 in EXRATES Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding EXRATES Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Liquid Bitcoin and EXRATES Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Liquid Bitcoin and EXRATES Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Liquid Bitcoin USD and EXRATES Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES 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 EXRATES Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Bitcoin USD has no effect on the direction of Liquid Bitcoin i.e. Liquid Bitcoin and EXRATES Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.