Correlation Analysis Between LiveCoin CapriCoin and LiveCoin Karbo

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

LiveCoin CapriCoin USD  vs.  LiveCoin Karbo USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.58 
0.14  18.91%
Market Cap: 840
  

LiveCoin

Karbo on LiveCoin in USD

 0.09 
0.01031  12.89%
Market Cap: 51.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 1.34 times more return on investment than LiveCoin Karbo. However, LiveCoin CapriCoin is 1.34 times more volatile than LiveCoin Karbo USD. It trades about -0.07 of its potential returns per unit of risk. LiveCoin Karbo USD is currently generating about -0.17 per unit of risk. If you would invest  85.58  in LiveCoin CapriCoin USD on October 20, 2018 and sell it today you would lose (18.81)  from holding LiveCoin CapriCoin USD or give up 21.98% of portfolio value over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin Karbo

0.13
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

LiveCoin CapriCoin USD diversification synergy

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin CapriCoin USD  
0 

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.
LiveCoin Karbo USD  
0 

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1029.2

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.


 
Search macroaxis.com