Correlation Analysis Between LiveCoin E-Dinar and Yobit Universal

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

LiveCoin E-Dinar Coin USD  vs.  Yobit Universal Currency USD

LiveCoin

E-Dinar Coin on LiveCoin in USD

 0.00926 
(0.0002)  2.11%
Market Cap: 564
  

Yobit

Universal Currency on Yobit in USD

 0.02484 
0.00384  18.29%
Market Cap: 46.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 0.75 times more return on investment than Yobit Universal. However, LiveCoin E-Dinar Coin USD is 1.33 times less risky than Yobit Universal. It trades about 0.01 of its potential returns per unit of risk. Yobit Universal Currency USD is currently generating about -0.19 per unit of risk. If you would invest  1.07  in LiveCoin E-Dinar Coin USD on November 10, 2018 and sell it today you would lose (0.13)  from holding LiveCoin E-Dinar Coin USD or give up 11.86% of portfolio value over 30 days.

Pair Corralation between LiveCoin E-Dinar and Yobit Universal

0.36
Time Period2 Months [change]
DirectionPositive 
StrengthVery Weak
Accuracy97.73%
ValuesDaily Returns

Diversification

LiveCoin E-Dinar Coin USD diversification synergy

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin E-Dinar Coin  
0

Risk-Adjusted Performance

Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Universal Curr  
0

Risk-Adjusted Performance

Over the last 30 days Yobit Universal Currency USD has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$68.02

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