This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and Kraken Augur USD. You can compare the effects of market volatilities on LiveCoin Emercoin and Kraken Augur 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 Kraken Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Emercoin
and Kraken Augur
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 Kraken Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Emercoin and Kraken Augur Volatility Contrast
LiveCoin Emercoin USD vs. Kraken Augur USD
Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the Kraken Augur. In addition to that, LiveCoin Emercoin is 1.31 times more volatile than Kraken Augur USD. It trades about -0.2 of its total potential returns per unit of risk. Kraken Augur USD is currently generating about -0.18 per unit of volatility. If you would invest 1,254 in Kraken Augur USD on November 16, 2018 and sell it today you would lose (681.00) from holding Kraken Augur USD or give up 54.31% of portfolio value over 30 days.
Pair Corralation between LiveCoin Emercoin and Kraken Augur
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and Kraken Augur
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur 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 Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and Kraken Augur go up and down completely randomly.