Correlation Analysis Between Exmo Litecoin and Yobit Litecoin

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

Comparative Performance

Exmo Litecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Litecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Litecoin is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
Yobit Litecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Yobit Litecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Yobit Litecoin is not utilizing all of its potentials. The prevalent stock price chaos, may contribute to medium term losses for the stakeholders.

Exmo Litecoin and Yobit Litecoin Volatility Contrast

Exmo Litecoin USD  vs.  Yobit Litecoin USD

Exmo

Litecoin on Exmo in USD

 52.92 
0.00   0.00 
Market Cap: 20.6 M
  

Yobit

Litecoin on Yobit in USD

 53.10 
0.00   0.00 
Market Cap: 97.5 K
(0.18)
0.34  Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  5,310  in Yobit Litecoin USD on October 22, 2019 and sell it today you would earn a total of  0.00  from holding Yobit Litecoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Exmo Litecoin and Yobit Litecoin

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

Diversification Opportunities for Exmo Litecoin and Yobit Litecoin

Exmo Litecoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Exmo Litecoin USD and Yobit Litecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Litecoin USD and Exmo Litecoin 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 Litecoin USD are associated (or correlated) with Yobit Litecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Litecoin USD has no effect on the direction of Exmo Litecoin i.e. Exmo Litecoin and Yobit Litecoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.


 
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