This module allows you to analyze existing cross correlation between HitBTC Komodo USD and LiveCoin YoCoin USD. You can compare the effects of market volatilities on HitBTC Komodo and LiveCoin YoCoin 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 YoCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Komodo
and LiveCoin YoCoin
HitBTC Komodo USD vs LiveCoin YoCoin USD
Assuming 30 trading days horizon, HitBTC Komodo USD is expected to under-perform the LiveCoin YoCoin. In addition to that, HitBTC Komodo is 1.17 times more volatile than LiveCoin YoCoin USD. It trades about -0.1 of its total potential returns per unit of risk. LiveCoin YoCoin USD is currently generating about -0.09 per unit of volatility. If you would invest 3.39 in LiveCoin YoCoin USD on February 19, 2018 and sell it today you would lose (0.81) from holding LiveCoin YoCoin USD or give up 23.96% 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 YoCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin YoCoin 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 YoCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin YoCoin USD has no effect on the direction of HitBTC Komodo i.e. HitBTC Komodo and LiveCoin YoCoin 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 YoCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.