This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and LiveCoin E-Dinar Coin USD. You can compare the effects of market volatilities on Coinbase Bitcoin and LiveCoin E-Dinar 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 Coinbase Bitcoin with a short position of LiveCoin E-Dinar. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and LiveCoin E-Dinar.
Coinbase Bitcoin USD vs. LiveCoin E-Dinar Coin USD
Bitcoin on Coinbase in USD
Market Cap: 715.7 B
E-Dinar Coin on LiveCoin in USD
Market Cap: 210
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to generate 0.55 times more return on investment than LiveCoin E-Dinar. However, Coinbase Bitcoin USD is 1.82 times less risky than LiveCoin E-Dinar. It trades about 0.21 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about 0.11 per unit of risk. If you would invest 615,300 in Coinbase Bitcoin USD on June 22, 2018 and sell it today you would earn a total of 123,430 from holding Coinbase Bitcoin USD or generate 20.06% return on investment over 30 days.
Pair Corralation between Coinbase Bitcoin and LiveCoin E-Dinar
Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Bitcoin USD and LiveCoin E-Dinar Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin E-Dinar Coin and Coinbase Bitcoin 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 Coinbase Bitcoin USD are associated (or correlated) with LiveCoin E-Dinar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin E-Dinar Coin has no effect on the direction of Coinbase Bitcoin i.e. Coinbase Bitcoin and LiveCoin E-Dinar go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.