This module allows you to analyze existing cross correlation between Bitstamp Ethereum USD and LiveCoin NEM USD. You can compare the effects of market volatilities on Bitstamp Ethereum and LiveCoin NEM 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 Bitstamp Ethereum with a short position of LiveCoin NEM. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitstamp Ethereum and LiveCoin NEM.
|Time Horizon||30 Days Login to change|
Bitstamp Ethereum USD vs. LiveCoin NEM USD
Assuming 30 trading days horizon, Bitstamp Ethereum USD is expected to generate 1.24 times more return on investment than LiveCoin NEM. However, Bitstamp Ethereum is 1.24 times more volatile than LiveCoin NEM USD. It trades about -0.12 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.33 per unit of risk. If you would invest 65,202 in Bitstamp Ethereum USD on May 21, 2018 and sell it today you would lose (13,120) from holding Bitstamp Ethereum USD or give up 20.12% of portfolio value over 30 days.