This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and Coinroom ZCoin USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and Coinroom ZCoin 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 Coinroom ZCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar
and Coinroom ZCoin
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 Coinroom ZCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin E-Dinar and Coinroom ZCoin Volatility Contrast
LiveCoin E-Dinar Coin USD vs. Coinroom ZCoin USD
Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 0.83 times more return on investment than Coinroom ZCoin. However, LiveCoin E-Dinar Coin USD is 1.21 times less risky than Coinroom ZCoin. It trades about -0.06 of its potential returns per unit of risk. Coinroom ZCoin USD is currently generating about -0.11 per unit of risk. If you would invest 1.20 in LiveCoin E-Dinar Coin USD on November 17, 2018 and sell it today you would lose (0.38) from holding LiveCoin E-Dinar Coin USD or give up 31.17% of portfolio value over 30 days.
Pair Corralation between LiveCoin E-Dinar and Coinroom ZCoin
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin E-Dinar and Coinroom ZCoin
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin E-Dinar Coin USD and Coinroom ZCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom ZCoin 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 Coinroom ZCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom ZCoin USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and Coinroom ZCoin go up and down completely randomly.
See also your portfolio center
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