Correlation Analysis Between LiveCoin CapriCoin and Yobit StartCoin

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

LiveCoin CapriCoin USD  vs.  Yobit StartCoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.86 
0.09  9.61%
Market Cap: 397
  

Yobit

StartCoin on Yobit in USD

 0.004075 
0.000073  1.82%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.44 times more return on investment than Yobit StartCoin. However, LiveCoin CapriCoin USD is 2.29 times less risky than Yobit StartCoin. It trades about -0.03 of its potential returns per unit of risk. Yobit StartCoin USD is currently generating about -0.04 per unit of risk. If you would invest  93.51  in LiveCoin CapriCoin USD on September 22, 2018 and sell it today you would lose (7.93)  from holding LiveCoin CapriCoin USD or give up 8.48% of portfolio value over 30 days.

Pair Corralation between LiveCoin CapriCoin and Yobit StartCoin

0.73
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin CapriCoin USD  
0 

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.
Yobit StartCoin USD  
0 

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1106.41

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.


 
Search macroaxis.com