Correlation Analysis Between LiveCoin Emercoin and LiveCoin Dash

This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and LiveCoin Dash USD. You can compare the effects of market volatilities on LiveCoin Emercoin and LiveCoin Dash 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 LiveCoin Dash. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and LiveCoin Dash.
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.
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 weak fundamental indicators, LiveCoin Dash layed out solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Emercoin and LiveCoin Dash Volatility Contrast

LiveCoin Emercoin USD  vs.  LiveCoin Dash USD

LiveCoin

Emercoin on LiveCoin in USD

 0.10 
(0.0054)  4.91%
Market Cap: 932
  

LiveCoin

Dash on LiveCoin in USD

 94.53 
2.65  2.88%
Market Cap: 1.4 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the LiveCoin Dash. In addition to that, LiveCoin Emercoin is 2.71 times more volatile than LiveCoin Dash USD. It trades about -0.71 of its total potential returns per unit of risk. LiveCoin Dash USD is currently generating about 0.71 per unit of volatility. If you would invest  9,188  in LiveCoin Dash USD on August 17, 2019 and sell it today you would earn a total of  37.00  from holding LiveCoin Dash USD or generate 0.4% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and LiveCoin Dash

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Emercoin and LiveCoin Dash

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 LiveCoin Dash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Dash 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 LiveCoin Dash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Dash USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and LiveCoin Dash go up and down completely randomly.
See also your portfolio center. Please also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.


 
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