Correlation Analysis Between LiveCoin Veros and Kraken Augur

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

LiveCoin Veros USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Veros 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.
Kraken Augur USD  
00

Risk-Adjusted Performance

Over the last 30 days Kraken Augur 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 Veros and Kraken Augur Volatility Contrast

LiveCoin Veros USD  vs.  Kraken Augur USD

LiveCoin

Veros on LiveCoin in USD

 0.00224 
(0.00004)  1.75%
Market Cap: 334
  

Kraken

Augur on Kraken in USD

 10.40 
(0.05)  0.48%
Market Cap: 85.1 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Veros USD is expected to under-perform the Kraken Augur. In addition to that, LiveCoin Veros is 3.67 times more volatile than Kraken Augur USD. It trades about -0.71 of its total potential returns per unit of risk. Kraken Augur USD is currently generating about -0.71 per unit of volatility. If you would invest  1,045  in Kraken Augur USD on August 17, 2019 and sell it today you would lose (5.00)  from holding Kraken Augur USD or give up 0.48% of portfolio value over 30 days.

Pair Corralation between LiveCoin Veros and Kraken Augur

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

Diversification Opportunities for LiveCoin Veros and Kraken Augur

LiveCoin Veros USD diversification synergy

Pay attention

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


 
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