This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and BitTrex Komodo USD. You can compare the effects of market volatilities on LiveCoin Emercoin and BitTrex Komodo 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 Emercoin with a short position of BitTrex Komodo. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and BitTrex Komodo.
|Horizon||30 Days Login to change|
|LiveCoin Emercoin USD|
Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Emercoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|BitTrex Komodo USD|
Over the last 30 days BitTrex Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fairly strong basic indicators, BitTrex Komodo is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LiveCoin Emercoin and BitTrex Komodo Volatility Contrast
LiveCoin Emercoin USD vs. BitTrex Komodo USD
If you would invest 69.80 in BitTrex Komodo USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding BitTrex Komodo USD or generate 0.0% return on investment over 30 days.
Pair Corralation between LiveCoin Emercoin and BitTrex Komodo
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and BitTrex Komodo
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and BitTrex Komodo USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Komodo USD and LiveCoin Emercoin 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 Emercoin USD are associated (or correlated) with BitTrex Komodo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Komodo USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and BitTrex Komodo go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.