This module allows you to analyze existing cross correlation between Liquid Ethereum USD and LiveCoin Ethereum USD. You can compare the effects of market volatilities on Liquid 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 Liquid Ethereum with a short position of LiveCoin Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Liquid Ethereum and LiveCoin Ethereum.
|Horizon||30 Days Login to change|
|Liquid Ethereum USD|
Over the last 30 days Liquid 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 basic indicators remain somewhat strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|LiveCoin Ethereum USD|
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.
Liquid Ethereum and LiveCoin Ethereum Volatility Contrast
Predicted Return Density
Liquid Ethereum USD vs. LiveCoin Ethereum USD
Assuming 30 trading days horizon, Liquid Ethereum USD is expected to under-perform the LiveCoin Ethereum. In addition to that, Liquid Ethereum is 1.05 times more volatile than LiveCoin Ethereum USD. It trades about -0.17 of its total potential returns per unit of risk. LiveCoin Ethereum USD is currently generating about -0.18 per unit of volatility. If you would invest 30,761 in LiveCoin Ethereum USD on July 22, 2019 and sell it today you would lose (11,835) from holding LiveCoin Ethereum USD or give up 38.47% of portfolio value over 30 days.
Pair Corralation between Liquid Ethereum and LiveCoin Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Liquid Ethereum and LiveCoin Ethereum
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Liquid 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 Liquid 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 Liquid 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 Liquid Ethereum i.e. Liquid Ethereum and LiveCoin Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.