Correlation Analysis Between LiveCoin Ethereum and itBit Ethereum

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

Comparative Performance

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 current stock price disturbance, may contribute to mid-run losses for the stockholder.
itBit Ethereum USD  
00

Risk-Adjusted Performance

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

LiveCoin Ethereum and itBit Ethereum Volatility Contrast

LiveCoin Ethereum USD  vs.  itBit Ethereum USD

LiveCoin

Ethereum on LiveCoin in USD

 197.58 
(1.42)  0.71%
Market Cap: 20.1 M
  

itBit

Ethereum on itBit in USD

 188.85 
(6.00)  3.08%
Market Cap: 138.1 M
 8.73 
4.42% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,485  in itBit Ethereum USD on August 17, 2019 and sell it today you would earn a total of  0.00  from holding itBit Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Ethereum and itBit Ethereum

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

Diversification Opportunities for LiveCoin Ethereum and itBit Ethereum

LiveCoin Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Ethereum USD and itBit Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit Ethereum USD and LiveCoin 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 LiveCoin Ethereum USD are associated (or correlated) with itBit Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and itBit Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.


 
Search macroaxis.com