This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Yobit Gamecredits USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Yobit Gamecredits 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 Gamecredits. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin
and Yobit Gamecredits
LiveCoin CapriCoin USD vs Yobit Gamecredits USD
Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.74 times more return on investment than Yobit Gamecredits. However, LiveCoin CapriCoin USD is 1.35 times less risky than Yobit Gamecredits. It trades about -0.09 of its potential returns per unit of risk. Yobit Gamecredits USD is currently generating about -0.09 per unit of risk. If you would invest 76.50 in LiveCoin CapriCoin USD on February 18, 2018 and sell it today you would lose (40.56) from holding LiveCoin CapriCoin USD or give up 53.02% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Yobit Gamecredits USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Gamecredits 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 Gamecredits. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Gamecredits USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Yobit Gamecredits go up and down completely randomly.
Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Yobit Gamecredits USD has generated negative risk-adjusted returns adding no value to investors with long positions.