This module allows you to analyze existing cross correlation between HitBTC Bancor Network Token USD and LiveCoin CapriCoin USD. You can compare the effects of market volatilities on HitBTC Bancor and LiveCoin CapriCoin 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 Bancor with a short position of LiveCoin CapriCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC Bancor and LiveCoin CapriCoin.
HitBTC Bancor Network Token US vs. LiveCoin CapriCoin USD
Bancor Network Token on HitBTC in USD
Market Cap: 1.4 M
CapriCoin on LiveCoin in USD
Market Cap: 361
Assuming 30 trading days horizon, HitBTC Bancor Network Token USD is expected to generate 0.88 times more return on investment than LiveCoin CapriCoin. However, HitBTC Bancor Network Token USD is 1.14 times less risky than LiveCoin CapriCoin. It trades about 0.16 of its potential returns per unit of risk. LiveCoin CapriCoin USD is currently generating about -0.23 per unit of risk. If you would invest 387.00 in HitBTC Bancor Network Token USD on April 20, 2018 and sell it today you would earn a total of 93.00 from holding HitBTC Bancor Network Token USD or generate 24.03% return on investment over 30 days.
Pair Corralation between HitBTC Bancor and LiveCoin CapriCoin
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Bancor Network Token US and LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin USD and HitBTC Bancor 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 Bancor Network Token USD are associated (or correlated) with LiveCoin CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of HitBTC Bancor i.e. HitBTC Bancor and LiveCoin CapriCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Bancor Network Token USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.