This module allows you to analyze existing cross correlation between LiveCoin Dash USD and Bitfinex Verge USD. You can compare the effects of market volatilities on LiveCoin Dash and Bitfinex Verge 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 Dash with a short position of Bitfinex Verge. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Dash and Bitfinex Verge.
|Horizon||30 Days Login to change|
|LiveCoin Dash USD|
Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, LiveCoin Dash layed out solid returns over the last few months and may actually be approaching a breakup point.
|Bitfinex Verge USD|
Over the last 30 days Bitfinex Verge USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fragile performance in the last few months, the Crypto's fundamental drivers remain rather sound which may send shares a bit higher in October 2019. The ongoing tumult may also be a sign of longer-term up-swing for the entity shareholders.
LiveCoin Dash and Bitfinex Verge Volatility Contrast
LiveCoin Dash USD vs. Bitfinex Verge USD
Assuming 30 trading days horizon, LiveCoin Dash USD is expected to generate 9.06 times more return on investment than Bitfinex Verge. However, LiveCoin Dash is 9.06 times more volatile than Bitfinex Verge USD. It trades about 0.71 of its potential returns per unit of risk. Bitfinex Verge USD is currently generating about -0.71 per unit of risk. If you would invest 9,202 in LiveCoin Dash USD on August 20, 2019 and sell it today you would earn a total of 1,498 from holding LiveCoin Dash USD or generate 16.28% return on investment over 30 days.
Pair Corralation between LiveCoin Dash and Bitfinex Verge
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Dash and Bitfinex Verge
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and Bitfinex Verge USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Verge USD and LiveCoin Dash 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 Dash USD are associated (or correlated) with Bitfinex Verge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Verge USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and Bitfinex Verge go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.