This module allows you to analyze existing cross correlation between HitBTC Ethereum USD and LiveCoin Ethereum USD. You can compare the effects of market volatilities on HitBTC 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 HitBTC Ethereum with a short position of LiveCoin Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Ethereum
and LiveCoin Ethereum
Over the last 30 days HitBTC Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
HitBTC Ethereum and LiveCoin Ethereum Volatility Contrast
HitBTC Ethereum USD vs. LiveCoin Ethereum USD
If you would invest 8,188 in HitBTC Ethereum USD on November 16, 2018 and sell it today you would earn a total of 0.00 from holding HitBTC Ethereum USD or generate 0.0% return on investment over 30 days.
Pair Corralation between HitBTC Ethereum and LiveCoin Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for HitBTC Ethereum and LiveCoin Ethereum
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC 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 HitBTC 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 HitBTC 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 HitBTC Ethereum i.e. HitBTC Ethereum and LiveCoin Ethereum go up and down completely randomly.