Correlation Analysis Between LiveCoin Dash and Exmo Monero

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

LiveCoin Dash USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
Exmo Monero USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with fragile performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in October 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.

LiveCoin Dash and Exmo Monero Volatility Contrast

LiveCoin Dash USD  vs.  Exmo Monero USD

LiveCoin

Dash on LiveCoin in USD

 96.10 
(2.70)  2.73%
Market Cap: 1.4 M
  

Exmo

Monero on Exmo in USD

 73.86 
(0.68)  0.91%
Market Cap: 5.1 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Dash USD is expected to under-perform the Exmo Monero. In addition to that, LiveCoin Dash is 2.61 times more volatile than Exmo Monero USD. It trades about -0.71 of its total potential returns per unit of risk. Exmo Monero USD is currently generating about -0.71 per unit of volatility. If you would invest  7,454  in Exmo Monero USD on August 22, 2019 and sell it today you would lose (68.00)  from holding Exmo Monero USD or give up 0.91% of portfolio value over 30 days.

Pair Corralation between LiveCoin Dash and Exmo Monero

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Dash and Exmo Monero

LiveCoin Dash USD diversification synergy

Pay attention

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