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|
|Exmo Ethereum USD|
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|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and LiveCoin CapriCoin
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.