Correlation Analysis Between LiveCoin NEO and LiveCoin CapriCoin

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

Risk-Adjusted Performance

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

LiveCoin NEO and LiveCoin CapriCoin Volatility Contrast

LiveCoin NEO USD  vs.  LiveCoin CapriCoin USD

LiveCoin

NEO on LiveCoin in USD

 0.00 
0.00  0.00%
Market Cap: 1.9 K
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.10 
0.00  0.00%
Market Cap: 217
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  10.10  in LiveCoin CapriCoin USD on August 16, 2019 and sell it today you would earn a total of  0.00  from holding LiveCoin CapriCoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin NEO and LiveCoin CapriCoin

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

Diversification Opportunities for LiveCoin NEO and LiveCoin CapriCoin

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 LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin 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 LiveCoin CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of LiveCoin NEO i.e. LiveCoin NEO and LiveCoin CapriCoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.


 
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