This module allows you to analyze existing cross correlation between LiveCoin BlueCoin USD and LiveCoin Obits Coin USD. You can compare the effects of market volatilities on LiveCoin BlueCoin and LiveCoin Obits 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 Obits. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin BlueCoin
and LiveCoin Obits
LiveCoin BlueCoin USD vs LiveCoin Obits Coin USD
If you would invest 28.42 in LiveCoin Obits Coin USD on February 22, 2018 and sell it today you would earn a total of 0.00 from holding LiveCoin Obits Coin USD or generate 0.0% return on investment 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 LiveCoin Obits Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Obits Coin 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 Obits. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Obits Coin has no effect on the direction of LiveCoin BlueCoin i.e. LiveCoin BlueCoin and LiveCoin Obits 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.