This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and Cexio Stellar USD. You can compare the effects of market volatilities on LiveCoin Emercoin and Cexio Stellar 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 Cexio Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Emercoin
and Cexio Stellar
Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Cexio Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Emercoin and Cexio Stellar Volatility Contrast
LiveCoin Emercoin USD vs. Cexio Stellar USD
Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the Cexio Stellar. In addition to that, LiveCoin Emercoin is 1.77 times more volatile than Cexio Stellar USD. It trades about -0.16 of its total potential returns per unit of risk. Cexio Stellar USD is currently generating about -0.27 per unit of volatility. If you would invest 22.53 in Cexio Stellar USD on November 14, 2018 and sell it today you would lose (12.10) from holding Cexio Stellar USD or give up 53.71% of portfolio value over 30 days.
Pair Corralation between LiveCoin Emercoin and Cexio Stellar
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and Cexio Stellar
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and Cexio Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Stellar 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 Cexio Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Stellar USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and Cexio Stellar go up and down completely randomly.
See also your portfolio center
. Please also try Positions Ratings
module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.