Correlation Analysis Between Coinbase Ethereum and LiveCoin Ethereum

This module allows you to analyze existing cross correlation between Coinbase Ethereum USD and LiveCoin Ethereum USD. You can compare the effects of market volatilities on Coinbase Ethereum and LiveCoin Ethereum 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 Coinbase Ethereum with a short position of LiveCoin Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Ethereum and LiveCoin Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Coinbase Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinbase Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively fragile forward-looking signals, Coinbase Ethereum reported solid returns over the last few months and may actually be approaching a breakup point.
LiveCoin Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

Coinbase Ethereum and LiveCoin Ethereum Volatility Contrast

Coinbase Ethereum USD  vs.  LiveCoin Ethereum USD

Coinbase

Ethereum on Coinbase in USD

 211.87 
13.45  6.78%
Market Cap: 2 B
  

LiveCoin

Ethereum on LiveCoin in USD

 213.19 
0.00  0.00%
Market Cap: 20.1 M
(1.32)
0.62% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,842  in Coinbase Ethereum USD on August 18, 2019 and sell it today you would earn a total of  1,343  from holding Coinbase Ethereum USD or generate 6.77% return on investment over 30 days.

Pair Corralation between Coinbase Ethereum and LiveCoin Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Coinbase Ethereum and LiveCoin Ethereum

Coinbase Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Ethereum USD and LiveCoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Ethereum USD and Coinbase Ethereum 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 Coinbase Ethereum USD are associated (or correlated) with LiveCoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Ethereum USD has no effect on the direction of Coinbase Ethereum i.e. Coinbase Ethereum and LiveCoin Ethereum go up and down completely randomly.
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