This module allows you to analyze existing cross correlation between Exmo Dash USD and LiveCoin Dash USD. You can compare the effects of market volatilities on Exmo Dash 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 Exmo Dash with a short position of LiveCoin Dash. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Dash and LiveCoin Dash.
|Horizon||30 Days Login to change|
|Exmo Dash USD|
Over the last 30 days Exmo Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 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 weak performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in September 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
Exmo Dash and LiveCoin Dash Volatility Contrast
Predicted Return Density
Exmo Dash USD vs. LiveCoin Dash USD
Assuming 30 trading days horizon, Exmo Dash USD is expected to generate 1.01 times more return on investment than LiveCoin Dash. However, Exmo Dash is 1.01 times more volatile than LiveCoin Dash USD. It trades about -0.2 of its potential returns per unit of risk. LiveCoin Dash USD is currently generating about -0.21 per unit of risk. If you would invest 16,905 in Exmo Dash USD on July 25, 2019 and sell it today you would lose (7,366) from holding Exmo Dash USD or give up 43.57% of portfolio value over 30 days.
Pair Corralation between Exmo Dash and LiveCoin Dash
|Time Period||2 Months [change]|
Diversification Opportunities for Exmo Dash and LiveCoin Dash
No risk reduction
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Dash 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 Exmo Dash 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 Exmo Dash 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 Exmo Dash i.e. Exmo Dash and LiveCoin Dash go up and down completely randomly.
See also your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.