Correlation Analysis Between Binance Ethereum and LiveCoin Ethereum

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

Comparative Performance

Binance Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Ethereum is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.
LiveCoin Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Ethereum 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 September 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.

Binance Ethereum and LiveCoin Ethereum Volatility Contrast

Binance Ethereum USD  vs.  LiveCoin Ethereum USD

Binance

Ethereum on Binance in USD

 198.93 
0.00  0.00%
Market Cap: 496.1 K
  

LiveCoin

Ethereum on LiveCoin in USD

 195.71 
4.79  2.51%
Market Cap: 18.1 M
 3.22 
1.62% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  19,893  in Binance Ethereum USD on July 23, 2019 and sell it today you would earn a total of  0.00  from holding Binance Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Binance Ethereum and LiveCoin Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification Opportunities for Binance Ethereum and LiveCoin Ethereum

Binance Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Binance Ethereum USD and LiveCoin Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Ethereum USD and Binance Ethereum 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 Binance Ethereum USD are associated (or correlated) with LiveCoin Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Ethereum USD has no effect on the direction of Binance Ethereum i.e. Binance Ethereum and LiveCoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.


 
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