This module allows you to analyze existing cross correlation between LiveCoin BlueCoin USD and Yobit Bitshares USD. You can compare the effects of market volatilities on LiveCoin BlueCoin and Yobit Bitshares 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 Yobit Bitshares. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin BlueCoin
and Yobit Bitshares
LiveCoin BlueCoin USD vs Yobit Bitshares USD
Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to generate 0.97 times more return on investment than Yobit Bitshares. However, LiveCoin BlueCoin USD is 1.03 times less risky than Yobit Bitshares. It trades about 0.23 of its potential returns per unit of risk. Yobit Bitshares USD is currently generating about 0.21 per unit of risk. If you would invest 0.56 in LiveCoin BlueCoin USD on November 12, 2017 and sell it today you would earn a total of 0.84 from holding LiveCoin BlueCoin USD or generate 150.36% 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 Yobit Bitshares USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Bitshares 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 Yobit Bitshares. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Bitshares USD has no effect on the direction of LiveCoin BlueCoin i.e. LiveCoin BlueCoin and Yobit Bitshares 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 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitshares USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.