Correlation Analysis Between Bitfinex Golem and LiveCoin Emercoin

This module allows you to analyze existing cross correlation between Bitfinex Golem Network Token USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on Bitfinex Golem and LiveCoin Emercoin 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 Bitfinex Golem with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Golem and LiveCoin Emercoin.
Horizon     30 Days    Login   to change
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Comparative Performance

Bitfinex Golem Network  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Golem is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.

Bitfinex Golem and LiveCoin Emercoin Volatility Contrast

Bitfinex Golem Network Token U  vs.  LiveCoin Emercoin USD

Bitfinex

Golem Network Token on Bitfinex in USD

 0.06 
(0.00018)  0.29%
Market Cap: 276
  

LiveCoin

Emercoin on LiveCoin in USD

 0.09 
(0.01124)  11.60%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  6.22  in Bitfinex Golem Network Token USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Golem Network Token USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Bitfinex Golem and LiveCoin Emercoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Bitfinex Golem and LiveCoin Emercoin

Bitfinex Golem Network Token U diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex Golem Network Token U and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin USD and Bitfinex Golem 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 Bitfinex Golem Network Token USD are associated (or correlated) with LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of Bitfinex Golem i.e. Bitfinex Golem and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..


 
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