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
LiveCoin E-Dinar Coin USD vs Coinroom ZCoin USD
Assuming 30 trading days horizon, LiveCoin E-Dinar is expected to generate 1.34 times less return on investment than Coinroom ZCoin. But when comparing it to its historical volatility, LiveCoin E-Dinar Coin USD is 2.76 times less risky than Coinroom ZCoin. It trades about 0.07 of its potential returns per unit of risk. Coinroom ZCoin USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 5,019 in Coinroom ZCoin USD on February 21, 2018 and sell it today you would lose (734.00) from holding Coinroom ZCoin USD or give up 14.62% of portfolio value over 30 days.
|Time Period||1 Month [change]|
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.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin E-Dinar Coin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom ZCoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.