Correlation Analysis Between LiveCoin E-Dinar and LiveCoin YoCoin

This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and LiveCoin YoCoin USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and LiveCoin YoCoin 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 YoCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar and LiveCoin YoCoin.
 Time Horizon     30 Days    Login   to change
Symbolsvs

LiveCoin E-Dinar Coin USD  vs.  LiveCoin YoCoin USD

LiveCoin

E-Dinar Coin on LiveCoin in USD
 0.01113 
0.00086  7.17%
Market Cap: 684
  

LiveCoin

YoCoin on LiveCoin in USD
 0.0385 
0.00169  4.59%
Market Cap: 474
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar is expected to generate 16.35 times less return on investment than LiveCoin YoCoin. But when comparing it to its historical volatility, LiveCoin E-Dinar Coin USD is 1.66 times less risky than LiveCoin YoCoin. It trades about 0.02 of its potential returns per unit of risk. LiveCoin YoCoin USD is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest  1.60  in LiveCoin YoCoin USD on May 22, 2018 and sell it today you would earn a total of  2.25  from holding LiveCoin YoCoin USD or generate 140.63% return on investment over 30 days.

Pair Corralation between LiveCoin E-Dinar and LiveCoin YoCoin

-0.72
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy96.77%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin E-Dinar Coin USD and LiveCoin YoCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin YoCoin 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 YoCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin YoCoin USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and LiveCoin YoCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin E-Dinar Coin  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin E-Dinar Coin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
LiveCoin YoCoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin YoCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.