Correlation Analysis Between LiveCoin Ethereum and Kraken Ethereum

This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and Kraken Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and Kraken 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 Kraken Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Ethereum and Kraken Ethereum.
Horizon     30 Days    Login   to change
Symbolsvs
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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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Kraken Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Kraken Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, Kraken Ethereum sustained solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Ethereum and Kraken Ethereum Volatility Contrast

LiveCoin Ethereum USD  vs.  Kraken Ethereum USD

LiveCoin

Ethereum on LiveCoin in USD

 217.97 
0.00  0.00%
Market Cap: 20.1 M
  

Kraken

Ethereum on Kraken in USD

 211.65 
12.74  6.40%
Market Cap: 994.3 M
 6.32 
2.90% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,891  in Kraken Ethereum USD on August 18, 2019 and sell it today you would earn a total of  1,302  from holding Kraken Ethereum USD or generate 6.55% return on investment over 30 days.

Pair Corralation between LiveCoin Ethereum and Kraken Ethereum

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

Diversification Opportunities for LiveCoin Ethereum and Kraken 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 Kraken Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken 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 Kraken Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and Kraken Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.


 
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