This module allows you to analyze existing cross correlation between LiveCoin BlueCoin USD and LiveCoin FastCoin USD. You can compare the effects of market volatilities on LiveCoin BlueCoin and LiveCoin FastCoin 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 LiveCoin FastCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin BlueCoin
and LiveCoin FastCoin
LiveCoin BlueCoin USD vs LiveCoin FastCoin USD
Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to generate 1.72 times more return on investment than LiveCoin FastCoin. However, LiveCoin BlueCoin is 1.72 times more volatile than LiveCoin FastCoin USD. It trades about 0.31 of its potential returns per unit of risk. LiveCoin FastCoin USD is currently generating about 0.16 per unit of risk. If you would invest 0.31 in LiveCoin BlueCoin USD on November 16, 2017 and sell it today you would earn a total of 1.34 from holding LiveCoin BlueCoin USD or generate 428.85% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin BlueCoin USD and LiveCoin FastCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin FastCoin 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 LiveCoin FastCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin FastCoin USD has no effect on the direction of LiveCoin BlueCoin i.e. LiveCoin BlueCoin and LiveCoin FastCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin BlueCoin USD are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin FastCoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.