This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Yobit Pakcoin USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Yobit Pakcoin 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 Pakcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin
and Yobit Pakcoin
LiveCoin CapriCoin USD vs Yobit Pakcoin USD
Assuming 30 trading days horizon, LiveCoin CapriCoin is expected to generate 1.79 times less return on investment than Yobit Pakcoin. In addition to that, LiveCoin CapriCoin is 1.7 times more volatile than Yobit Pakcoin USD. It trades about 0.07 of its total potential returns per unit of risk. Yobit Pakcoin USD is currently generating about 0.22 per unit of volatility. If you would invest 0.7 in Yobit Pakcoin USD on November 14, 2017 and sell it today you would earn a total of 0.64 from holding Yobit Pakcoin USD or generate 91.4% return on investment 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 Pakcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Pakcoin 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 Pakcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Pakcoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Yobit Pakcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Pakcoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.