Correlation Analysis Between LiveCoin Diamond and LiveCoin CapriCoin

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

Comparative Performance

LiveCoin Diamond USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Diamond USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Diamond is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
LiveCoin CapriCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, LiveCoin CapriCoin layed out solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Diamond and LiveCoin CapriCoin Volatility Contrast

LiveCoin Diamond USD  vs.  LiveCoin CapriCoin USD

LiveCoin

Diamond on LiveCoin in USD

 0.75 
0.00  0.00%
Market Cap: 166
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
(0.00498)  5.36%
Market Cap: 217
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  9.08  in LiveCoin CapriCoin USD on August 21, 2019 and sell it today you would earn a total of  0.21  from holding LiveCoin CapriCoin USD or generate 2.36% return on investment over 30 days.

Pair Corralation between LiveCoin Diamond and LiveCoin CapriCoin

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

Diversification Opportunities for LiveCoin Diamond and LiveCoin CapriCoin

LiveCoin Diamond USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Diamond USD and LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin 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 LiveCoin CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of LiveCoin Diamond i.e. LiveCoin Diamond and LiveCoin CapriCoin go up and down completely randomly.
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