The purpose of this article is to analyze the correlation between stocks and bitcoin to make diversified investments.
This article compares and analyzes stocks listed on four exchanges (NASDAQ, NYSE, London Stock Exchange, Tokyo Stock Exchange)
1. Bitcoin(USD) : 2,830 NASDAQ
X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
2,830 NASDAQ Stocks Price
Kurt : -1.13
Skew : 0.29
Mode : -0.6
The pairs is concentrated in the plus high correlation coefficient and minus high correlation coefficient.
It is focused on the correlation coefficient 0 as a uniqueness. The reason for this is that many stocks are lacking in trading volume.
2. Bitcoin(USD) : 4,388 NYSE
X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
4,338 NYSE Stocks Price
Kurt : -1.01
Skew : 0.14
Mode : 0.0
The pairs is concentrated in the minus high correlation coefficient.
3. coinfloor(GBP) : 3,214 LONDON Stocks
X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
3,214 LONDON Stocks Price
Kurt : -0.83
Skew : 0.27
Mode : 0.0
This histogram has a slightly negative correlation with the normal distribution.
4. coincheck(JPY) : 2,926 Tokyo Stocks
X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
2,926 Tokyo Stocks Price
Kurt : -1.09
Skew : 0.09
Mode : 0.0
This histogram has a slightly lower kurtosis in the normal distribution.
Source : DATAUNION