This module allows you to analyze existing cross correlation between LiveCoin Bitcoin USD and coinfield Bitcoin USD. You can compare the effects of market volatilities on LiveCoin Bitcoin and coinfield 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 LiveCoin Bitcoin with a short position of coinfield Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Bitcoin and coinfield Bitcoin.
|Horizon||30 Days Login to change|
|LiveCoin Bitcoin USD|
Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|coinfield Bitcoin USD|
Over the last 30 days coinfield Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, coinfield Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
LiveCoin Bitcoin and coinfield Bitcoin Volatility Contrast
LiveCoin Bitcoin USD vs. coinfield Bitcoin USD
If you would invest 1,019,721 in coinfield Bitcoin USD on August 18, 2019 and sell it today you would earn a total of 0.00 from holding coinfield Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between LiveCoin Bitcoin and coinfield Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Bitcoin and coinfield Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Bitcoin USD and coinfield Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield Bitcoin USD and LiveCoin 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 LiveCoin Bitcoin USD are associated (or correlated) with coinfield Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield Bitcoin USD has no effect on the direction of LiveCoin Bitcoin i.e. LiveCoin Bitcoin and coinfield Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.