This module allows you to analyze existing cross correlation between HitBTC Komodo USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on HitBTC Komodo and LiveCoin Emercoin 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 Komodo with a short position of LiveCoin Emercoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Komodo
and LiveCoin Emercoin
HitBTC Komodo USD vs LiveCoin Emercoin USD
Assuming 30 trading days horizon, HitBTC Komodo USD is expected to under-perform the LiveCoin Emercoin. In addition to that, HitBTC Komodo is 1.14 times more volatile than LiveCoin Emercoin USD. It trades about -0.1 of its total potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.05 per unit of volatility. If you would invest 412.00 in LiveCoin Emercoin USD on February 21, 2018 and sell it today you would lose (74.00) from holding LiveCoin Emercoin USD or give up 17.96% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Komodo USD and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin USD and HitBTC Komodo 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 Komodo USD are associated (or correlated) with LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of HitBTC Komodo i.e. HitBTC Komodo and LiveCoin Emercoin go up and down completely randomly.
Over the last 30 days HitBTC Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.