Correlation Analysis Between LiveCoin CapriCoin and SingularityX Bitcoin

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

Comparative Performance

LiveCoin CapriCoin USD  
00

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. Despite nearly stable fundamental indicators, LiveCoin CapriCoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
SingularityX Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days SingularityX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

LiveCoin CapriCoin and SingularityX Bitcoin Volatility Contrast

LiveCoin CapriCoin USD  vs.  SingularityX Bitcoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
  

SingularityX

Bitcoin on SingularityX in USD

 8,014 
0.00  0.00%
Market Cap: 1.7 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  801,409  in SingularityX Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding SingularityX Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and SingularityX Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and SingularityX Bitcoin

LiveCoin CapriCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and SingularityX Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on SingularityX Bitcoin 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 SingularityX Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of SingularityX Bitcoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and SingularityX Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.


 
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