This module allows you to analyze existing cross correlation between CCEX Dogecoin USD and LiveCoin NEM USD. You can compare the effects of market volatilities on CCEX Dogecoin 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 Dogecoin with a short position of LiveCoin NEM. See also your portfolio center. Please also check ongoing floating volatility patterns of CCEX Dogecoin and LiveCoin NEM.
|Time Horizon||30 Days Login to change|
CCEX Dogecoin USD vs. LiveCoin NEM USD
Assuming 30 trading days horizon, CCEX Dogecoin USD is expected to generate 1.89 times more return on investment than LiveCoin NEM. However, CCEX Dogecoin is 1.89 times more volatile than LiveCoin NEM USD. It trades about -0.1 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.3 per unit of risk. If you would invest 0.36 in CCEX Dogecoin USD on May 22, 2018 and sell it today you would lose (0.09) from holding CCEX Dogecoin USD or give up 25.0% of portfolio value over 30 days.