This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Yobit VertCoin USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Yobit VertCoin 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 VertCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin
and Yobit VertCoin
LiveCoin CapriCoin USD vs Yobit VertCoin USD
Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to under-perform the Yobit VertCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin CapriCoin USD is 1.15 times less risky than Yobit VertCoin. The crypto trades about -0.06 of its potential returns per unit of risk. The Yobit VertCoin USD is currently generating about -0.03 of returns per unit of risk over similar time horizon. If you would invest 427.00 in Yobit VertCoin USD on February 15, 2018 and sell it today you would lose (213.00) from holding Yobit VertCoin USD or give up 49.88% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Yobit VertCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit VertCoin 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 VertCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit VertCoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Yobit VertCoin 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 VertCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.