This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and LiveCoin Emercoin 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 LiveCoin Emercoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar
and LiveCoin Emercoin
LiveCoin E-Dinar Coin USD vs LiveCoin Emercoin USD
Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 0.69 times more return on investment than LiveCoin Emercoin. However, LiveCoin E-Dinar Coin USD is 1.45 times less risky than LiveCoin Emercoin. It trades about 0.05 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.07 per unit of risk. If you would invest 2.03 in LiveCoin E-Dinar Coin USD on February 20, 2018 and sell it today you would earn a total of 0.07 from holding LiveCoin E-Dinar Coin USD or generate 3.59% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin E-Dinar Coin USD and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin 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 LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and LiveCoin Emercoin 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 3 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.