This module allows you to analyze existing cross correlation between LiveCoin Dash USD and P2PB2B Bancor Network Token USD. You can compare the effects of market volatilities on LiveCoin Dash and P2PB2B Bancor 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 P2PB2B Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Dash and P2PB2B Bancor.
|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 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.
|P2PB2B Bancor Network|
Over the last 30 days P2PB2B Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bancor is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LiveCoin Dash and P2PB2B Bancor Volatility Contrast
LiveCoin Dash USD vs. P2PB2B Bancor Network Token US
If you would invest 41.88 in P2PB2B Bancor Network Token USD on August 22, 2019 and sell it today you would earn a total of 0.00 from holding P2PB2B Bancor Network Token USD or generate 0.0% return on investment over 30 days.
Pair Corralation between LiveCoin Dash and P2PB2B Bancor
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Dash and P2PB2B Bancor
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and P2PB2B Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Bancor Network 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 P2PB2B Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Bancor Network has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and P2PB2B Bancor go up and down completely randomly.
See also your portfolio center. Please also try Idea Breakdown module to analyze constituents of all macroaxis ideas. macroaxis investment ideas are predefined, sector-focused investing themes.