Correlation Analysis Between LiveCoin CapriCoin and coinfield ZCash

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and coinfield ZCash USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and coinfield ZCash 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 coinfield ZCash. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and coinfield ZCash.
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 fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
coinfield ZCash USD  
00

Risk-Adjusted Performance

Over the last 30 days coinfield ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather fragile fundamental drivers, coinfield ZCash may actually be approaching a critical reversion point that can send shares even higher in October 2019.

LiveCoin CapriCoin and coinfield ZCash Volatility Contrast

LiveCoin CapriCoin USD  vs.  coinfield ZCash USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
(0.00184)  2.08%
Market Cap: 217
  

coinfield

ZCash on coinfield in USD

 48.13 
(0.42)  0.87%
Market Cap: 157.2 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to under-perform the coinfield ZCash. In addition to that, LiveCoin CapriCoin is 8.41 times more volatile than coinfield ZCash USD. It trades about -0.71 of its total potential returns per unit of risk. coinfield ZCash USD is currently generating about 0.71 per unit of volatility. If you would invest  4,855  in coinfield ZCash USD on August 22, 2019 and sell it today you would earn a total of  12.00  from holding coinfield ZCash USD or generate 0.25% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and coinfield ZCash

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

Diversification Opportunities for LiveCoin CapriCoin and coinfield ZCash

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 coinfield ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on coinfield ZCash 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 coinfield ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of coinfield ZCash USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and coinfield ZCash go up and down completely randomly.
See also your portfolio center. Please also try ETF Directory module to find actively-traded exchange traded funds (etf) from around the world.


 
Search macroaxis.com