This module allows you to analyze existing cross correlation between CryptoCarbon CryptoCarbon USD and LiveCoin Dash USD. You can compare the effects of market volatilities on CryptoCarbon CryptoCarbon and LiveCoin Dash 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 CryptoCarbon CryptoCarbon with a short position of LiveCoin Dash. See also your portfolio center. Please also check ongoing floating volatility patterns of CryptoCarbon CryptoCarbon and LiveCoin Dash.
|Horizon||30 Days Login to change|
Over the last 30 days CryptoCarbon CryptoCarbon USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|LiveCoin Dash USD|
Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
CryptoCarbon CryptoCarbon and LiveCoin Dash Volatility Contrast
CryptoCarbon CryptoCarbon USD vs. LiveCoin Dash USD
Assuming 30 trading days horizon, CryptoCarbon CryptoCarbon USD is expected to under-perform the LiveCoin Dash. In addition to that, CryptoCarbon CryptoCarbon is 2.35 times more volatile than LiveCoin Dash USD. It trades about -0.71 of its total potential returns per unit of risk. LiveCoin Dash USD is currently generating about -0.71 per unit of volatility. If you would invest 9,880 in LiveCoin Dash USD on August 22, 2019 and sell it today you would lose (271.00) from holding LiveCoin Dash USD or give up 2.74% of portfolio value over 30 days.
Pair Corralation between CryptoCarbon CryptoCarbon and LiveCoin Dash
|Time Period||3 Months [change]|
Diversification Opportunities for CryptoCarbon CryptoCarbon and LiveCoin Dash
Overlapping area represents the amount of risk that can be diversified away by holding CryptoCarbon CryptoCarbon USD and LiveCoin Dash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Dash USD and CryptoCarbon CryptoCarbon 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 CryptoCarbon CryptoCarbon USD are associated (or correlated) with LiveCoin Dash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Dash USD has no effect on the direction of CryptoCarbon CryptoCarbon i.e. CryptoCarbon CryptoCarbon and LiveCoin Dash go up and down completely randomly.
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