Correlation Analysis Between LiveCoin CapriCoin and Exmo Ethereum

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Exmo Ethereum USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Exmo Ethereum 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 Exmo Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Exmo Ethereum.
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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin CapriCoin and Exmo Ethereum Volatility Contrast

LiveCoin CapriCoin USD  vs.  Exmo Ethereum USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
  

Exmo

Ethereum on Exmo in USD

 222.23 
(0.04)  0.018%
Market Cap: 126.4 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,788  in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of  1,435  from holding Exmo Ethereum USD or generate 6.9% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and Exmo Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy33.33%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and Exmo Ethereum

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 Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Ethereum 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 Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.


 
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