This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Yobit Bitcloud USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Yobit Bitcloud 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 Yobit Bitcloud. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Yobit Bitcloud.
Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.71 times more return on investment than Yobit Bitcloud. However, LiveCoin CapriCoin USD is 1.41 times less risky than Yobit Bitcloud. It trades about -0.21 of its potential returns per unit of risk. Yobit Bitcloud USD is currently generating about -0.17 per unit of risk. If you would invest 125.00 in LiveCoin CapriCoin USD on April 25, 2018 and sell it today you would lose (46.28) from holding LiveCoin CapriCoin USD or give up 37.02% of portfolio value over 30 days.
Pair Corralation between LiveCoin CapriCoin and Yobit Bitcloud
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Yobit Bitcloud USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Bitcloud 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 Yobit Bitcloud. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Bitcloud USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Yobit Bitcloud go up and down completely randomly.
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