This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Kraken ZCash USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Kraken 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 Kraken ZCash. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Kraken ZCash.
Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to under-perform the Kraken ZCash. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin CapriCoin USD is 1.11 times less risky than Kraken ZCash. The crypto trades about -0.29 of its potential returns per unit of risk. The Kraken ZCash USD is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest 30,286 in Kraken ZCash USD on April 25, 2018 and sell it today you would lose (966.00) from holding Kraken ZCash USD or give up 3.19% of portfolio value over 30 days.
Pair Corralation between LiveCoin CapriCoin and Kraken ZCash
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Kraken ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken 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 Kraken ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken ZCash USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Kraken ZCash go up and down completely randomly.
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