Correlation Analysis Between LiveCoin Dash and LakeBTC Bitcoin

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

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 nearly stable fundamental indicators, LiveCoin Dash is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
LakeBTC Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, LakeBTC Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

LiveCoin Dash and LakeBTC Bitcoin Volatility Contrast

LiveCoin Dash USD  vs.  LakeBTC Bitcoin USD

LiveCoin

Dash on LiveCoin in USD

 97.47 
0.00  0.00%
Market Cap: 1.4 M
  

LakeBTC

Bitcoin on LakeBTC in USD

 10,521 
0.00  0.00%
Market Cap: 177.9 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in LakeBTC Bitcoin USD on August 19, 2019 and sell it today you would earn a total of  0.00  from holding LakeBTC Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Dash and LakeBTC Bitcoin

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

Diversification Opportunities for LiveCoin Dash and LakeBTC Bitcoin

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 LakeBTC Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LakeBTC Bitcoin 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 LakeBTC Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LakeBTC Bitcoin USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and LakeBTC Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.


 
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