Correlation Analysis Between Kraken Augur and LiveCoin Lisk

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

Comparative Performance

Kraken Augur USD  
0

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.
LiveCoin Lisk USD  
0

Risk-Adjusted Performance

Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Kraken Augur and LiveCoin Lisk Volatility Contrast

 Predicted Return Density 
      Returns 

Kraken Augur USD  vs.  LiveCoin Lisk USD

Kraken

Augur on Kraken in USD

 6.44 
1.01  18.60%
Market Cap: 4.8 K
  

LiveCoin

Lisk on LiveCoin in USD

 1.27 
0.06  4.96%
Market Cap: 201
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Kraken Augur USD is expected to generate 1.24 times more return on investment than LiveCoin Lisk. However, Kraken Augur is 1.24 times more volatile than LiveCoin Lisk USD. It trades about -0.14 of its potential returns per unit of risk. LiveCoin Lisk USD is currently generating about -0.25 per unit of risk. If you would invest  1,244  in Kraken Augur USD on November 18, 2018 and sell it today you would lose (600.00)  from holding Kraken Augur USD or give up 48.23% of portfolio value over 30 days.

Pair Corralation between Kraken Augur and LiveCoin Lisk

0.93
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Kraken Augur and LiveCoin Lisk

Kraken Augur USD diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Kraken Augur USD and LiveCoin Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk 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 Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of Kraken Augur i.e. Kraken Augur and LiveCoin Lisk go up and down completely randomly.

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See also your portfolio center. Please also try Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.


 
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