Correlation Analysis Between LiveCoin CapriCoin and LiveCoin E-Dinar

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

LiveCoin CapriCoin USD  vs.  LiveCoin E-Dinar Coin USD

LiveCoin

CapriCoin on LiveCoin in USD
 1.22 
0.02  1.61%
Market Cap: 802
  

LiveCoin

E-Dinar Coin on LiveCoin in USD
 0.01021 
0.00066  6.07%
Market Cap: 684
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.84 times more return on investment than LiveCoin E-Dinar. However, LiveCoin CapriCoin USD is 1.2 times less risky than LiveCoin E-Dinar. It trades about 0.23 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.03 per unit of risk. If you would invest  76.01  in LiveCoin CapriCoin USD on May 20, 2018 and sell it today you would earn a total of  47.99  from holding LiveCoin CapriCoin USD or generate 63.14% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin E-Dinar

-0.37
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and LiveCoin E-Dinar Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin E-Dinar Coin 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 LiveCoin E-Dinar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin E-Dinar Coin has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and LiveCoin E-Dinar go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin CapriCoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
LiveCoin E-Dinar Coin  
0 

Risk-Adjusted Performance

Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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GOOG - USA Stock
Alphabet
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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1152.26

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