Correlation Analysis Between Kraken Augur and LiveCoin Emercoin

This module allows you to analyze existing cross correlation between Kraken Augur USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on Kraken Augur 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 Kraken Augur with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Augur and LiveCoin Emercoin.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Kraken Augur USD  
00

Risk-Adjusted Performance

Over the last 30 days Kraken Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Kraken Augur is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.

Kraken Augur and LiveCoin Emercoin Volatility Contrast

Kraken Augur USD  vs.  LiveCoin Emercoin USD

Kraken

Augur on Kraken in USD

 10.84 
0.00  0.00%
Market Cap: 85.1 K
  

LiveCoin

Emercoin on LiveCoin in USD

 0.09 
(0.00401)  4.14%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,084  in Kraken Augur USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding Kraken Augur USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Kraken Augur and LiveCoin Emercoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for Kraken Augur and LiveCoin Emercoin

Kraken Augur USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Kraken Augur 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 Kraken Augur 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 Kraken Augur 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 Kraken Augur i.e. Kraken Augur and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.


 
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