This module allows you to analyze existing cross correlation between LiveCoin Dash USD and Neraex Bitcoin USD. You can compare the effects of market volatilities on LiveCoin Dash and Neraex 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 Neraex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Dash and Neraex Bitcoin.
|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.
|Neraex Bitcoin USD|
Over the last 30 days Neraex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, Neraex Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
LiveCoin Dash and Neraex Bitcoin Volatility Contrast
LiveCoin Dash USD vs. Neraex Bitcoin USD
Assuming 30 trading days horizon, LiveCoin Dash USD is expected to generate 13.5 times more return on investment than Neraex Bitcoin. However, LiveCoin Dash is 13.5 times more volatile than Neraex Bitcoin USD. It trades about 0.71 of its potential returns per unit of risk. Neraex Bitcoin 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 Neraex Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Dash and Neraex Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and Neraex Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Neraex 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 Neraex Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Neraex Bitcoin USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and Neraex Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.