This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and LiveCoin LEOcoin USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and LiveCoin LEOcoin 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 LEOcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar
and LiveCoin LEOcoin
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 LiveCoin LEOcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin E-Dinar and LiveCoin LEOcoin Volatility Contrast
LiveCoin E-Dinar Coin USD vs. LiveCoin LEOcoin USD
Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 1.07 times more return on investment than LiveCoin LEOcoin. However, LiveCoin E-Dinar is 1.07 times more volatile than LiveCoin LEOcoin USD. It trades about -0.06 of its potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about -0.11 per unit of risk. If you would invest 1.23 in LiveCoin E-Dinar Coin USD on November 18, 2018 and sell it today you would lose (0.40) from holding LiveCoin E-Dinar Coin USD or give up 32.52% of portfolio value over 30 days.
Pair Corralation between LiveCoin E-Dinar and LiveCoin LEOcoin
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin E-Dinar and LiveCoin LEOcoin
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin E-Dinar Coin USD and LiveCoin LEOcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin LEOcoin 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 LEOcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin LEOcoin USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and LiveCoin LEOcoin go up and down completely randomly.