Correlation Analysis Between LiveCoin CapriCoin and LiveCoin Litecoin

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

LiveCoin CapriCoin USD  vs.  LiveCoin Litecoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.98 
0.0361  3.54%
Market Cap: 2.5 K
  

LiveCoin

Litecoin on LiveCoin in USD

 58.50 
2.98  4.85%
Market Cap: 7.7 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to under-perform the LiveCoin Litecoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin CapriCoin USD is 1.85 times less risky than LiveCoin Litecoin. The crypto trades about -0.33 of its potential returns per unit of risk. The LiveCoin Litecoin USD is currently generating about 0.0 of returns per unit of risk over similar time horizon. If you would invest  6,002  in LiveCoin Litecoin USD on August 25, 2018 and sell it today you would lose (152.00)  from holding LiveCoin Litecoin USD or give up 2.53% of portfolio value over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin Litecoin

0.42
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Diversification

Very weak diversification

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

Risk-Adjusted Performance

Over the last 30 days LiveCoin Litecoin 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
$1166.09

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 Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
Search macroaxis.com