Correlation Analysis Between LiveCoin CapriCoin and Poloniex Stellar

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

LiveCoin CapriCoin USD  vs.  Poloniex Stellar USD

LiveCoin

CapriCoin on LiveCoin in USD
 1.26 
0.02  1.56%
Market Cap: 16.3 K
  

Poloniex

Stellar on Poloniex in USD
 0.22 
0.0026  1.16%
Market Cap: 809.9 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.97 times more return on investment than Poloniex Stellar. However, LiveCoin CapriCoin USD is 1.03 times less risky than Poloniex Stellar. It trades about 0.08 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about -0.12 per unit of risk. If you would invest  119.00  in LiveCoin CapriCoin USD on July 20, 2018 and sell it today you would earn a total of  9.00  from holding LiveCoin CapriCoin USD or generate 7.56% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and Poloniex Stellar

-0.11
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy73.33%
ValuesDaily Returns

Diversification

Good diversification

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

Risk-Adjusted Performance

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

My Equities

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1206.49

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