Correlation Analysis Between Exmo Ethereum and LiveCoin Emercoin

This module allows you to analyze existing cross correlation between Exmo Ethereum USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on Exmo Ethereum and LiveCoin Emercoin 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 Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and LiveCoin Emercoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

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 fragile performance in the last few months, the Crypto's essential indicators remain comparatively unchanging which may send shares a bit higher in October 2019. The late uproar may also be a sign of mid-term up-swing for the entity leadership.
LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin 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.

Exmo Ethereum and LiveCoin Emercoin Volatility Contrast

Exmo Ethereum USD  vs.  LiveCoin Emercoin USD

Exmo

Ethereum on Exmo in USD

 220.03 
(1.13)  0.51%
Market Cap: 126.4 M
  

LiveCoin

Emercoin on LiveCoin in USD

 0.09 
(0.00401)  4.14%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 0.12 times more return on investment than LiveCoin Emercoin. However, Exmo Ethereum USD is 8.1 times less risky than LiveCoin Emercoin. It trades about -0.71 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.71 per unit of risk. If you would invest  22,116  in Exmo Ethereum USD on August 22, 2019 and sell it today you would lose (113.00)  from holding Exmo Ethereum USD or give up 0.51% of portfolio value over 30 days.

Pair Corralation between Exmo Ethereum and LiveCoin Emercoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Exmo Ethereum and LiveCoin Emercoin

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 Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin 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 Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.


 
Search macroaxis.com