This module allows you to analyze existing cross correlation between LiveCoin BlueCoin USD and HitBTC Stratis USD. You can compare the effects of market volatilities on LiveCoin BlueCoin and HitBTC Stratis 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 BlueCoin with a short position of HitBTC Stratis. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin BlueCoin
and HitBTC Stratis
LiveCoin BlueCoin USD vs HitBTC Stratis USD
Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to under-perform the HitBTC Stratis. In addition to that, LiveCoin BlueCoin is 1.49 times more volatile than HitBTC Stratis USD. It trades about -0.04 of its total potential returns per unit of risk. HitBTC Stratis USD is currently generating about 0.01 per unit of volatility. If you would invest 1,113 in HitBTC Stratis USD on January 21, 2018 and sell it today you would lose (138.00) from holding HitBTC Stratis USD or give up 12.4% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin BlueCoin USD and HitBTC Stratis USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Stratis USD and LiveCoin BlueCoin 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 BlueCoin USD are associated (or correlated) with HitBTC Stratis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Stratis USD has no effect on the direction of LiveCoin BlueCoin i.e. LiveCoin BlueCoin and HitBTC Stratis go up and down completely randomly.
Over the last 30 days LiveCoin BlueCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days HitBTC Stratis USD has generated negative risk-adjusted returns adding no value to investors with long positions.