This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and Quoine Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and Quoine 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 Quoine Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Ethereum
and Quoine Ethereum
LiveCoin Ethereum USD vs Quoine Ethereum USD
Assuming 30 trading days horizon, LiveCoin Ethereum USD is expected to generate 1.18 times more return on investment than Quoine Ethereum. However, LiveCoin Ethereum is 1.18 times more volatile than Quoine Ethereum USD. It trades about 0.33 of its potential returns per unit of risk. Quoine Ethereum USD is currently generating about 0.39 per unit of risk. If you would invest 35,400 in LiveCoin Ethereum USD on November 18, 2017 and sell it today you would earn a total of 36,095 from holding LiveCoin Ethereum USD or generate 101.96% 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 Quoine Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Quoine 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 Quoine Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Quoine Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and Quoine 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 21 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Quoine Ethereum USD are ranked lower than 25 (%) of all global equities and portfolios over the last 30 days.