This module allows you to analyze existing cross correlation between LiveCoin E-Dinar Coin USD and Yobit Sativa Coin USD. You can compare the effects of market volatilities on LiveCoin E-Dinar and Yobit Sativa 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 Yobit Sativa. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin E-Dinar
and Yobit Sativa
LiveCoin E-Dinar Coin USD vs Yobit Sativa Coin USD
Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to under-perform the Yobit Sativa. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin E-Dinar Coin USD is 10.31 times less risky than Yobit Sativa. The crypto trades about -0.13 of its potential returns per unit of risk. The Yobit Sativa Coin USD is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest 5.00 in Yobit Sativa Coin USD on February 15, 2018 and sell it today you would lose (2.60) from holding Yobit Sativa Coin USD or give up 52.0% of portfolio value 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 Yobit Sativa Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Sativa Coin 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 Yobit Sativa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Sativa Coin has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and Yobit Sativa go up and down completely randomly.
Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Sativa Coin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.