Correlation Analysis Between Exmo Ethereum and LiveCoin Lisk

This module allows you to analyze existing cross correlation between Exmo Ethereum USD and LiveCoin Lisk USD. You can compare the effects of market volatilities on Exmo Ethereum and LiveCoin Lisk 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 Lisk. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and LiveCoin Lisk.
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 Lisk USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Lisk 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 Lisk Volatility Contrast

Exmo Ethereum USD  vs.  LiveCoin Lisk USD

Exmo

Ethereum on Exmo in USD

 218.97 
(2.19)  0.99%
Market Cap: 126.4 M
  

LiveCoin

Lisk on LiveCoin in USD

 1.04 
(0.009)  0.86%
Market Cap: 382
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Exmo Ethereum USD is expected to generate 0.17 times more return on investment than LiveCoin Lisk. However, Exmo Ethereum USD is 5.78 times less risky than LiveCoin Lisk. It trades about -0.71 of its potential returns per unit of risk. LiveCoin Lisk 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 Lisk

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

Diversification Opportunities for Exmo Ethereum and LiveCoin Lisk

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 Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk 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 Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of Exmo Ethereum i.e. Exmo Ethereum and LiveCoin Lisk go up and down completely randomly.
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