This module allows you to analyze existing cross correlation between CCEX Anarchists Prime USD and LiveCoin TrustCoin USD. You can compare the effects of market volatilities on CCEX Anarchists and LiveCoin TrustCoin 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 CCEX Anarchists with a short position of LiveCoin TrustCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX Anarchists
and LiveCoin TrustCoin
CCEX Anarchists Prime USD vs LiveCoin TrustCoin USD
Assuming 30 trading days horizon, CCEX Anarchists Prime USD is expected to generate 4.89 times more return on investment than LiveCoin TrustCoin. However, CCEX Anarchists is 4.89 times more volatile than LiveCoin TrustCoin USD. It trades about 0.28 of its potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.2 per unit of risk. If you would invest 0.31 in CCEX Anarchists Prime USD on November 16, 2017 and sell it today you would earn a total of 2.69 from holding CCEX Anarchists Prime USD or generate 867.74% return on investment over 30 days.
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Overlapping area represents the amount of risk that can be diversified away by holding CCEX Anarchists Prime USD and LiveCoin TrustCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin TrustCoin USD and CCEX Anarchists 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 CCEX Anarchists Prime USD are associated (or correlated) with LiveCoin TrustCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin TrustCoin USD has no effect on the direction of CCEX Anarchists i.e. CCEX Anarchists and LiveCoin TrustCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Anarchists Prime USD are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.