Correlation Analysis Between LiveCoin PeerCoin and LiveCoin NEO

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

Comparative Performance

LiveCoin PeerCoin USD  
00

Risk-Adjusted Performance

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

LiveCoin PeerCoin and LiveCoin NEO Volatility Contrast

LiveCoin PeerCoin USD  vs.  LiveCoin NEO USD

LiveCoin

PeerCoin on LiveCoin in USD

 0.33 
0.00  0.00%
Market Cap: 5.2 K
  

LiveCoin

NEO on LiveCoin in USD

 9.60 
(0.004)  0.0416%
Market Cap: 1.9 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  962.10  in LiveCoin NEO USD on August 18, 2019 and sell it today you would earn a total of  0.00  from holding LiveCoin NEO USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin PeerCoin and LiveCoin NEO

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

Diversification Opportunities for LiveCoin PeerCoin and LiveCoin NEO

LiveCoin PeerCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin PeerCoin USD and LiveCoin NEO USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin NEO USD and LiveCoin PeerCoin 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 PeerCoin USD are associated (or correlated) with LiveCoin NEO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin NEO USD has no effect on the direction of LiveCoin PeerCoin i.e. LiveCoin PeerCoin and LiveCoin NEO go up and down completely randomly.
See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.


 
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