Correlation Analysis Between LiveCoin Emercoin and Bitfinex Verge

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

LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
Bitfinex Verge USD  
00

Risk-Adjusted Performance

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

LiveCoin Emercoin and Bitfinex Verge Volatility Contrast

LiveCoin Emercoin USD  vs.  Bitfinex Verge USD

LiveCoin

Emercoin on LiveCoin in USD

 0.10 
(0.0054)  4.91%
Market Cap: 932
  

Bitfinex

Verge on Bitfinex in USD

 0.004202 
(0.000021)  0.50%
Market Cap: 26.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.42  in Bitfinex Verge USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Verge USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and Bitfinex Verge

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

Diversification Opportunities for LiveCoin Emercoin and Bitfinex Verge

LiveCoin Emercoin USD diversification synergy

Pay attention

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