Correlation Analysis Between LiveCoin CapriCoin and Kraken Augur

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Kraken Augur USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Kraken Augur 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 Kraken Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Kraken Augur.
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.
Kraken Augur USD  
00

Risk-Adjusted Performance

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

LiveCoin CapriCoin and Kraken Augur Volatility Contrast

LiveCoin CapriCoin USD  vs.  Kraken Augur USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
  

Kraken

Augur on Kraken in USD

 10.84 
0.00  0.00%
Market Cap: 85.1 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,083  in Kraken Augur USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding Kraken Augur USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and Kraken Augur

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

Diversification Opportunities for LiveCoin CapriCoin and Kraken Augur

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 Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur 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 Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Kraken Augur go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..


 
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