This module allows you to analyze existing cross correlation between OKCoin Bitcoin USD and StocksExchange Bitcoin USD. You can compare the effects of market volatilities on OKCoin Bitcoin and StocksExchange 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 OKCoin Bitcoin with a short position of StocksExchange Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Bitcoin and StocksExchange Bitcoin.
|Horizon||30 Days Login to change|
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Over the last 30 days StocksExchange Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, StocksExchange Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
OKCoin Bitcoin and StocksExchange Bitcoin Volatility Contrast
OKCoin Bitcoin USD vs. StocksExchange Bitcoin USD
If you would invest 1,078,306 in StocksExchange Bitcoin USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding StocksExchange Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between OKCoin Bitcoin and StocksExchange Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for OKCoin Bitcoin and StocksExchange Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin USD and StocksExchange Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on StocksExchange Bitcoin and OKCoin 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 OKCoin Bitcoin USD are associated (or correlated) with StocksExchange Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of StocksExchange Bitcoin has no effect on the direction of OKCoin Bitcoin i.e. OKCoin Bitcoin and StocksExchange Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.