This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and BitTrex Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and BitTrex 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 LiveCoin Ethereum with a short position of BitTrex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Ethereum
and BitTrex Ethereum
LiveCoin Ethereum USD vs BitTrex Ethereum USD
Assuming 30 trading days horizon, LiveCoin Ethereum is expected to generate 1.04 times less return on investment than BitTrex Ethereum. In addition to that, LiveCoin Ethereum is 1.18 times more volatile than BitTrex Ethereum USD. It trades about 0.35 of its total potential returns per unit of risk. BitTrex Ethereum USD is currently generating about 0.43 per unit of volatility. If you would invest 32,838 in BitTrex Ethereum USD on November 17, 2017 and sell it today you would earn a total of 39,224 from holding BitTrex Ethereum USD or generate 119.45% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Ethereum USD and BitTrex Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum USD and LiveCoin 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 LiveCoin Ethereum USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and BitTrex Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Ethereum USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in BitTrex Ethereum USD are ranked lower than 28 (%) of all global equities and portfolios over the last 30 days.