Stablecoin Margin Borrow Rates (Bitcoin Cash)
Tier 1

Measures the average borrowing rates across leading exchanges for stablecoins.

Overview

Unravel

unravel

BCH Price with Stablecoin Margin Borrow Rates

Factor Plot

Unravel

unravel

▆ Very Low▆ Low▆ Moderate▆ High▆ Very High

Our Methodology

0.05

Overall

Measures the average borrowing rates across leading exchanges for stablecoins.

Scatter plot - Stablecoin Margin Borrow Rates and BCH 30 and 90 Day Average Returns

Backtest - Strategy Performance

	Benchmark (Bitcoin Cash)	Strategy
Max Drawdown	-94.2%	-65.7%
Volatility	100.9%	68.8%
Sharpe Ratio	0.62	0.62
CAGR	13.3%	21.2%
Alpha	0.00	0.05
Beta	1.00	0.60

To understand a predictive factors predictive power, we create a simple long-only strategy and simulate its past performance (with daily rebalancing):

100% Long when the predictive factor is close to 1, with a position size equivalent to the predictive factor value.
Flat when the predictive factor is close to 0, with a position size equivalent to the predictive factor value.

The strategy is rebalanced daily, on a continuous basis. There are 0.5% transaction costs applied on each position adjustment.

Reproduce the backtest using our API

Get started by validating the historical performance of this factor with our transparent code snippets.
Copy and paste the code snippets below into your Python environment or download the files below.