Correlation Analysis Between LiveCoin CapriCoin and Bitfinex Golem

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Bitfinex Golem Network Token USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Bitfinex Golem 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 CapriCoin with a short position of Bitfinex Golem. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Bitfinex Golem.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

LiveCoin CapriCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin CapriCoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
Bitfinex Golem Network  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Golem is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

LiveCoin CapriCoin and Bitfinex Golem Volatility Contrast

LiveCoin CapriCoin USD  vs.  Bitfinex Golem Network Token U

LiveCoin

CapriCoin on LiveCoin in USD

 0.08 
0.00  0.00%
Market Cap: 217
  

Bitfinex

Golem Network Token on Bitfinex in USD

 0.06 
0.00  0.00%
Market Cap: 276
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  6.05  in Bitfinex Golem Network Token USD on August 23, 2019 and sell it today you would earn a total of  0.00  from holding Bitfinex Golem Network Token USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and Bitfinex Golem

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and Bitfinex Golem

LiveCoin CapriCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Bitfinex Golem Network Token U in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Golem Network and LiveCoin CapriCoin 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 CapriCoin USD are associated (or correlated) with Bitfinex Golem. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Golem Network has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Bitfinex Golem go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.


 
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