Correlation Analysis Between LiveCoin CapriCoin and LiveCoin NEM

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

LiveCoin CapriCoin USD  vs.  LiveCoin NEM USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.92 
0.07  6.86%
Market Cap: 348
  

LiveCoin

NEM on LiveCoin in USD

 0.00 
0.00  0.00%
Market Cap: 14 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in LiveCoin NEM USD on September 19, 2018 and sell it today you would earn a total of  0.00  from holding LiveCoin NEM USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin NEM

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

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 NEM USD  
0 

Risk-Adjusted Performance

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

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