This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and Bitfinex SingularDTV USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and Bitfinex SingularDTV 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 E-Dinar with a short position of Bitfinex SingularDTV. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar
and Bitfinex SingularDTV
LiveCoin E-Dinar Coin USD vs Bitfinex SingularDTV USD
Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 0.59 times more return on investment than Bitfinex SingularDTV. However, LiveCoin E-Dinar Coin USD is 1.7 times less risky than Bitfinex SingularDTV. It trades about -0.09 of its potential returns per unit of risk. Bitfinex SingularDTV USD is currently generating about -0.26 per unit of risk. If you would invest 2.29 in LiveCoin E-Dinar Coin USD on February 18, 2018 and sell it today you would lose (0.37) from holding LiveCoin E-Dinar Coin USD or give up 16.26% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin E-Dinar Coin USD and Bitfinex SingularDTV USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex SingularDTV USD and LiveCoin E-Dinar 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 E-Dinar Coin USD are associated (or correlated) with Bitfinex SingularDTV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex SingularDTV USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and Bitfinex SingularDTV go up and down completely randomly.
Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Bitfinex SingularDTV USD has generated negative risk-adjusted returns adding no value to investors with long positions.