Correlation Analysis Between LiveCoin Ethereum and primexbt Ethereum

This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and primexbt Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and primexbt 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 primexbt Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Ethereum and primexbt 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 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.
primexbt Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days primexbt Ethereum 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 basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

LiveCoin Ethereum and primexbt Ethereum Volatility Contrast

LiveCoin Ethereum USD  vs.  primexbt Ethereum USD

LiveCoin

Ethereum on LiveCoin in USD

 199.56 
0.56  0.28%
Market Cap: 20.1 M
  

primexbt

Ethereum on primexbt in USD

 192.36 
(2.40)  1.23%
Market Cap: 115.3 M
 7.20 
3.61% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Ethereum USD is expected to generate 0.82 times more return on investment than primexbt Ethereum. However, LiveCoin Ethereum USD is 1.23 times less risky than primexbt Ethereum. It trades about -0.71 of its potential returns per unit of risk. primexbt Ethereum USD is currently generating about -0.71 per unit of risk. If you would invest  19,900  in LiveCoin Ethereum USD on August 17, 2019 and sell it today you would lose (200.00)  from holding LiveCoin Ethereum USD or give up 1.01% of portfolio value over 30 days.

Pair Corralation between LiveCoin Ethereum and primexbt Ethereum

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

Diversification Opportunities for LiveCoin Ethereum and primexbt 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 primexbt Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on primexbt 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 primexbt Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of primexbt Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and primexbt Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.


 
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