Correlation Analysis Between LiveCoin CapriCoin and Cexio Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Cexio Bitcoin USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Cexio Bitcoin 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 Cexio Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Cexio Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Cexio Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Cexio Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

LiveCoin CapriCoin and Cexio Bitcoin Volatility Contrast

LiveCoin CapriCoin USD  vs.  Cexio Bitcoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
  

Cexio

Bitcoin on Cexio in USD

 10,225 
3.10  0.0303%
Market Cap: 512.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,022,160  in Cexio Bitcoin USD on August 18, 2019 and sell it today you would earn a total of  1,490  from holding Cexio Bitcoin USD or generate 0.15% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and Cexio Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and Cexio Bitcoin

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 Cexio Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Bitcoin USD 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 Cexio Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Bitcoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Cexio Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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