This module allows you to analyze existing cross correlation between LiveCoin Dash USD and P2PB2B Waves USD. You can compare the effects of market volatilities on LiveCoin Dash and P2PB2B Waves 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 Waves. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Dash and P2PB2B Waves.
|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 Waves USD|
Over the last 30 days P2PB2B Waves USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Waves 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 Waves Volatility Contrast
LiveCoin Dash USD vs. P2PB2B Waves USD
Assuming 30 trading days horizon, LiveCoin Dash USD is expected to under-perform the P2PB2B Waves. In addition to that, LiveCoin Dash is 28.95 times more volatile than P2PB2B Waves USD. It trades about -0.71 of its total potential returns per unit of risk. P2PB2B Waves USD is currently generating about -0.71 per unit of volatility. If you would invest 105.50 in P2PB2B Waves USD on August 22, 2019 and sell it today you would lose (0.10) from holding P2PB2B Waves USD or give up 0.09% of portfolio value over 30 days.
Pair Corralation between LiveCoin Dash and P2PB2B Waves
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Dash and P2PB2B Waves
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and P2PB2B Waves USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Waves 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 P2PB2B Waves. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Waves USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and P2PB2B Waves go up and down completely randomly.
See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.