This module allows you to analyze existing cross correlation between HitBTC Autumncoin USD and LiveCoin TrustCoin USD. You can compare the effects of market volatilities on HitBTC Autumncoin and LiveCoin TrustCoin 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 TrustCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Autumncoin
and LiveCoin TrustCoin
HitBTC Autumncoin USD vs LiveCoin TrustCoin USD
Assuming 30 trading days horizon, HitBTC Autumncoin is expected to generate 2.15 times less return on investment than LiveCoin TrustCoin. In addition to that, HitBTC Autumncoin is 1.32 times more volatile than LiveCoin TrustCoin USD. It trades about 0.07 of its total potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.2 per unit of volatility. If you would invest 23.05 in LiveCoin TrustCoin USD on November 16, 2017 and sell it today you would earn a total of 21.7 from holding LiveCoin TrustCoin USD or generate 94.14% return on investment over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Autumncoin USD and LiveCoin TrustCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin TrustCoin 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 TrustCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin TrustCoin USD has no effect on the direction of HitBTC Autumncoin i.e. HitBTC Autumncoin and LiveCoin TrustCoin 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 4 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.