Correlation Analysis Between LiveCoin Dash and Bitfinex Ratecoin

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

LiveCoin Dash USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Dash is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Bitfinex Ratecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Ratecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Ratecoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.

LiveCoin Dash and Bitfinex Ratecoin Volatility Contrast

LiveCoin Dash USD  vs.  Bitfinex Ratecoin USD

LiveCoin

Dash on LiveCoin in USD

 95.86 
0.00  0.00%
Market Cap: 1.4 M
  

Bitfinex

Ratecoin on Bitfinex in USD

 0.0097 
0.00  0.00%
Market Cap: 19.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.97  in Bitfinex Ratecoin USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Ratecoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Dash and Bitfinex Ratecoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Dash and Bitfinex Ratecoin

LiveCoin Dash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and Bitfinex Ratecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Ratecoin USD and LiveCoin Dash 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 Dash USD are associated (or correlated) with Bitfinex Ratecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Ratecoin USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and Bitfinex Ratecoin go up and down completely randomly.
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.


 
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