Correlation Analysis Between LiveCoin CapriCoin and LiveCoin TrustCoin

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

LiveCoin CapriCoin USD  vs.  LiveCoin TrustCoin USD

LiveCoin

CapriCoin on LiveCoin in USD
 1.18 
0.01  0.84%
Market Cap: 4.4 K
  

LiveCoin

TrustCoin on LiveCoin in USD
 0.03315 
0.00355  11.99%
Market Cap: 26.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.55 times more return on investment than LiveCoin TrustCoin. However, LiveCoin CapriCoin USD is 1.83 times less risky than LiveCoin TrustCoin. It trades about 0.08 of its potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.03 per unit of risk. If you would invest  110.00  in LiveCoin CapriCoin USD on June 22, 2018 and sell it today you would earn a total of  8.00  from holding LiveCoin CapriCoin USD or generate 7.27% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin TrustCoin

-0.17
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy95.65%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin CapriCoin USD  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
LiveCoin TrustCoin USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1184.91

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