This module allows you to analyze existing cross correlation between LiveCoin Adzcoin USD and HitBTC MaidSafe Coin USD. You can compare the effects of market volatilities on LiveCoin Adzcoin and HitBTC MaidSafe 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 LiveCoin Adzcoin with a short position of HitBTC MaidSafe. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Adzcoin and HitBTC MaidSafe.
Assuming 30 trading days horizon, LiveCoin Adzcoin USD is expected to under-perform the HitBTC MaidSafe. In addition to that, LiveCoin Adzcoin is 2.03 times more volatile than HitBTC MaidSafe Coin USD. It trades about -0.03 of its total potential returns per unit of risk. HitBTC MaidSafe Coin USD is currently generating about 0.18 per unit of volatility. If you would invest 37.07 in HitBTC MaidSafe Coin USD on April 26, 2018 and sell it today you would earn a total of 11.63 from holding HitBTC MaidSafe Coin USD or generate 31.37% return on investment over 30 days.
Pair Corralation between LiveCoin Adzcoin and HitBTC MaidSafe
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Adzcoin USD and HitBTC MaidSafe Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC MaidSafe Coin and LiveCoin Adzcoin 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 LiveCoin Adzcoin USD are associated (or correlated) with HitBTC MaidSafe. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC MaidSafe Coin has no effect on the direction of LiveCoin Adzcoin i.e. LiveCoin Adzcoin and HitBTC MaidSafe go up and down completely randomly.
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