This module allows you to analyze existing cross correlation between CCEX AdvancedInternetBlock USD and LiveCoin NEM USD. You can compare the effects of market volatilities on CCEX AdvancedInternet 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 CCEX AdvancedInternet with a short position of LiveCoin NEM. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX AdvancedInternet
and LiveCoin NEM
CCEX AdvancedInternetBlock USD vs LiveCoin NEM USD
If you would invest 0.56 in CCEX AdvancedInternetBlock USD on February 22, 2018 and sell it today you would earn a total of 0.00 from holding CCEX AdvancedInternetBlock USD or generate 0.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding CCEX AdvancedInternetBlock USD and LiveCoin NEM USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin NEM USD and CCEX AdvancedInternet 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 AdvancedInternetBlock USD are associated (or correlated) with LiveCoin NEM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin NEM USD has no effect on the direction of CCEX AdvancedInternet i.e. CCEX AdvancedInternet and LiveCoin NEM go up and down completely randomly.
Over the last 30 days LiveCoin NEM USD has generated negative risk-adjusted returns adding no value to investors with long positions.