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|
|LiveCoin Ethereum USD|
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|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Ethereum and Kraken Ethereum
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.