Correlation Analysis Between Exmo Ethereum and LiveCoin CapriCoin

This module allows you to analyze existing cross correlation between Exmo Ethereum USD and LiveCoin CapriCoin USD. You can compare the effects of market volatilities on Exmo Ethereum and LiveCoin CapriCoin 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 Ethereum with a short position of LiveCoin CapriCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and LiveCoin CapriCoin.
Horizon     30 Days    Login   to change
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Comparative Performance

Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.
LiveCoin CapriCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin CapriCoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

Exmo Ethereum and LiveCoin CapriCoin Volatility Contrast

Exmo Ethereum USD  vs.  LiveCoin CapriCoin USD

Exmo

Ethereum on Exmo in USD

 222.23 
(0.04)  0.018%
Market Cap: 126.4 M
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,788  in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of  1,435  from holding Exmo Ethereum USD or generate 6.9% return on investment over 30 days.

Pair Corralation between Exmo Ethereum and LiveCoin CapriCoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy33.33%
ValuesDaily Returns

Diversification Opportunities for Exmo Ethereum and LiveCoin CapriCoin

Exmo Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum USD and LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin USD and Exmo Ethereum 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 Ethereum USD are associated (or correlated) with LiveCoin CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and LiveCoin CapriCoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.


 
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