Correlation Analysis Between Incorex Litecoin and Binance Litecoin

This module allows you to analyze existing cross correlation between Incorex Litecoin USD and Binance Litecoin USD. You can compare the effects of market volatilities on Incorex Litecoin and Binance Litecoin 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 Incorex Litecoin with a short position of Binance Litecoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Incorex Litecoin and Binance Litecoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Incorex Litecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Incorex Litecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, Incorex Litecoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Binance Litecoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance Litecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Litecoin is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

Incorex Litecoin and Binance Litecoin Volatility Contrast

Incorex Litecoin USD  vs.  Binance Litecoin USD

Incorex

Litecoin on Incorex in USD

 0.00 
0.00  0.00%
Market Cap: 6.4 M
  

Binance

Litecoin on Binance in USD

 91.63 
0.00  0.00%
Market Cap: 3 M
(91.63)
Huge% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Binance Litecoin USD on April 22, 2019 and sell it today you would earn a total of  0.00  from holding Binance Litecoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Incorex Litecoin and Binance Litecoin

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Incorex Litecoin and Binance Litecoin

Incorex Litecoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Incorex Litecoin USD and Binance Litecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Binance Litecoin USD and Incorex Litecoin 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 Incorex Litecoin USD are associated (or correlated) with Binance Litecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Binance Litecoin USD has no effect on the direction of Incorex Litecoin i.e. Incorex Litecoin and Binance Litecoin go up and down completely randomly.
See also your portfolio center. Please also try Technical Analysis module to check basic technical indicators and analysis based on most latest market data.


 
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