This module allows you to analyze existing cross correlation between OKCoin Bitcoin USD and LiveCoin Lisk USD. You can compare the effects of market volatilities on OKCoin Bitcoin and LiveCoin Lisk 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 OKCoin Bitcoin with a short position of LiveCoin Lisk. See also your portfolio center. Please also check ongoing floating volatility patterns of OKCoin Bitcoin and LiveCoin Lisk.
|Horizon||30 Days Login to change|
|OKCoin Bitcoin USD|
Over the last 30 days OKCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, OKCoin Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
|LiveCoin Lisk USD|
Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Lisk is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
OKCoin Bitcoin and LiveCoin Lisk Volatility Contrast
OKCoin Bitcoin USD vs. LiveCoin Lisk USD
If you would invest 96.63 in LiveCoin Lisk USD on August 16, 2019 and sell it today you would earn a total of 0.00 from holding LiveCoin Lisk USD or generate 0.0% return on investment over 30 days.
Pair Corralation between OKCoin Bitcoin and LiveCoin Lisk
|Time Period||3 Months [change]|
Diversification Opportunities for OKCoin Bitcoin and LiveCoin Lisk
Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin USD and LiveCoin Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk USD and OKCoin Bitcoin 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 OKCoin Bitcoin USD are associated (or correlated) with LiveCoin Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of OKCoin Bitcoin i.e. OKCoin Bitcoin and LiveCoin Lisk go up and down completely randomly.
See also your portfolio center. Please also try Pattern Recognition module to use different pattern recognition models to time the market across multiple global exchanges.