This module allows you to analyze existing cross correlation between LiveCoin Diamond USD and Exmo Monero USD. You can compare the effects of market volatilities on LiveCoin Diamond 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 Diamond with a short position of Exmo Monero. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Diamond and Exmo Monero.
|Horizon||30 Days Login to change|
|LiveCoin Diamond USD|
Over the last 30 days LiveCoin Diamond USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, LiveCoin Diamond layed out solid returns over the last few months and may actually be approaching a breakup point.
|Exmo Monero USD|
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 Diamond and Exmo Monero Volatility Contrast
LiveCoin Diamond USD vs. Exmo Monero USD
Assuming 30 trading days horizon, LiveCoin Diamond USD is expected to generate 0.88 times more return on investment than Exmo Monero. However, LiveCoin Diamond USD is 1.14 times less risky than Exmo Monero. It trades about 0.71 of its potential returns per unit of risk. Exmo Monero USD is currently generating about -0.71 per unit of risk. If you would invest 74.99 in LiveCoin Diamond USD on August 22, 2019 and sell it today you would earn a total of 0.60 from holding LiveCoin Diamond USD or generate 0.8% return on investment over 30 days.
Pair Corralation between LiveCoin Diamond and Exmo Monero
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Diamond and Exmo Monero
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Diamond 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 Diamond 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 Diamond 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 Diamond i.e. LiveCoin Diamond and Exmo Monero go up and down completely randomly.
See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.