This module allows you to analyze existing cross correlation between HitBTC Autumncoin USD and LiveCoin FastCoin USD. You can compare the effects of market volatilities on HitBTC Autumncoin and LiveCoin FastCoin 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 HitBTC Autumncoin with a short position of LiveCoin FastCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Autumncoin
and LiveCoin FastCoin
HitBTC Autumncoin USD vs LiveCoin FastCoin USD
Assuming 30 trading days horizon, HitBTC Autumncoin is expected to generate 1.23 times less return on investment than LiveCoin FastCoin. In addition to that, HitBTC Autumncoin is 1.34 times more volatile than LiveCoin FastCoin USD. It trades about 0.09 of its total potential returns per unit of risk. LiveCoin FastCoin USD is currently generating about 0.14 per unit of volatility. If you would invest 0.75 in LiveCoin FastCoin USD on November 17, 2017 and sell it today you would earn a total of 0.33 from holding LiveCoin FastCoin USD or generate 44.34% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Autumncoin USD and LiveCoin FastCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin FastCoin USD and HitBTC Autumncoin 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 HitBTC Autumncoin USD are associated (or correlated) with LiveCoin FastCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin FastCoin USD has no effect on the direction of HitBTC Autumncoin i.e. HitBTC Autumncoin and LiveCoin FastCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Autumncoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin FastCoin USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.