This module allows you to analyze existing cross correlation between HitBTC Bancor Network Token USD and LiveCoin TrustCoin USD. You can compare the effects of market volatilities on HitBTC Bancor 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 Bancor with a short position of LiveCoin TrustCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Bancor
and LiveCoin TrustCoin
HitBTC Bancor Network Token US vs LiveCoin TrustCoin USD
Assuming 30 trading days horizon, HitBTC Bancor is expected to generate 1.54 times less return on investment than LiveCoin TrustCoin. But when comparing it to its historical volatility, HitBTC Bancor Network Token USD is 2.82 times less risky than LiveCoin TrustCoin. It trades about 0.39 of its potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 23.05 in LiveCoin TrustCoin USD on November 14, 2017 and sell it today you would earn a total of 24.95 from holding LiveCoin TrustCoin USD or generate 108.24% 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 Bancor Network Token US 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 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 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 Bancor i.e. HitBTC Bancor and LiveCoin TrustCoin 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 25 (%) 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 14 (%) of all global equities and portfolios over the last 30 days.