Correlation Analysis Between LiveCoin NEO and EXRATES Dogecoin

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

Comparative Performance

LiveCoin NEO USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin NEO is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
EXRATES Dogecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days EXRATES Dogecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES Dogecoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.

LiveCoin NEO and EXRATES Dogecoin Volatility Contrast

LiveCoin NEO USD  vs.  EXRATES Dogecoin USD

LiveCoin

NEO on LiveCoin in USD

 9.28 
0.005  0.05%
Market Cap: 1.9 K
  

EXRATES

Dogecoin on EXRATES in USD

 0.00251 
0.00  0.00%
Market Cap: 1.7 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in EXRATES Dogecoin USD on August 17, 2019 and sell it today you would earn a total of  100.00  from holding EXRATES Dogecoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between LiveCoin NEO and EXRATES Dogecoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin NEO and EXRATES Dogecoin

LiveCoin NEO USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin NEO USD and EXRATES Dogecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on EXRATES Dogecoin USD and LiveCoin NEO 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 NEO USD are associated (or correlated) with EXRATES Dogecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of EXRATES Dogecoin USD has no effect on the direction of LiveCoin NEO i.e. LiveCoin NEO and EXRATES Dogecoin go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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