This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and Lykke Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and Lykke 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 Lykke Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Ethereum
and Lykke Ethereum
LiveCoin Ethereum USD vs Lykke Ethereum USD
Assuming 30 trading days horizon, LiveCoin Ethereum USD is expected to under-perform the Lykke Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Ethereum USD is 1.66 times less risky than Lykke Ethereum. The crypto trades about -0.09 of its potential returns per unit of risk. The Lykke Ethereum USD is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest 105,489 in Lykke Ethereum USD on January 22, 2018 and sell it today you would lose (16,489) from holding Lykke Ethereum USD or give up 15.63% of portfolio value 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 Lykke Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Lykke 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 Lykke Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Lykke Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and Lykke Ethereum go up and down completely randomly.
Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Lykke Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.