Correlation Analysis Between Bitstamp Ethereum and LiveCoin Ethereum

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

Bitstamp Ethereum USD  vs.  LiveCoin Ethereum USD

Bitstamp

Ethereum on Bitstamp in USD

 232.28 
12.88  5.25%
Market Cap: 48.5 M
  

LiveCoin

Ethereum on LiveCoin in USD

 236.01 
5.48  2.27%
Market Cap: 41.2 M
(3.73)
1.61% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Ethereum USD is expected to generate 1.26 times more return on investment than LiveCoin Ethereum. However, Bitstamp Ethereum is 1.26 times more volatile than LiveCoin Ethereum USD. It trades about -0.05 of its potential returns per unit of risk. LiveCoin Ethereum USD is currently generating about -0.1 per unit of risk. If you would invest  28,319  in Bitstamp Ethereum USD on August 25, 2018 and sell it today you would lose (3,803)  from holding Bitstamp Ethereum USD or give up 13.43% of portfolio value over 30 days.

Pair Corralation between Bitstamp Ethereum and LiveCoin Ethereum

0.98
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp 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 Bitstamp 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 Bitstamp 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 Bitstamp Ethereum i.e. Bitstamp Ethereum and LiveCoin Ethereum go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Bitstamp Ethereum USD  
0 

Risk-Adjusted Performance

Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Ethereum USD  
0 

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.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1166.09

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
Search macroaxis.com