This module allows you to analyze existing cross correlation between CCEX Dogecoin USD and LiveCoin Lisk USD. You can compare the effects of market volatilities on CCEX Dogecoin and LiveCoin Lisk 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 Dogecoin with a short position of LiveCoin Lisk. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX Dogecoin
and LiveCoin Lisk
Over the last 30 days CCEX Dogecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions.
CCEX Dogecoin and LiveCoin Lisk Volatility Contrast
CCEX Dogecoin USD vs. LiveCoin Lisk USD
Assuming 30 trading days horizon, CCEX Dogecoin USD is expected to generate 1.2 times more return on investment than LiveCoin Lisk. However, CCEX Dogecoin is 1.2 times more volatile than LiveCoin Lisk USD. It trades about -0.18 of its potential returns per unit of risk. LiveCoin Lisk USD is currently generating about -0.28 per unit of risk. If you would invest 0.46 in CCEX Dogecoin USD on November 13, 2018 and sell it today you would lose (0.25) from holding CCEX Dogecoin USD or give up 53.91% of portfolio value over 30 days.
Pair Corralation between CCEX Dogecoin and LiveCoin Lisk
|Time Period||2 Months [change]|
Diversification Opportunities for CCEX Dogecoin and LiveCoin Lisk
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding CCEX Dogecoin USD and LiveCoin Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk USD and CCEX Dogecoin 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 Dogecoin USD are associated (or correlated) with LiveCoin Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of CCEX Dogecoin i.e. CCEX Dogecoin and LiveCoin Lisk go up and down completely randomly.