Correlation Analysis Between LiveCoin Emercoin and LiveCoin Karbo

This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and LiveCoin Karbo USD. You can compare the effects of market volatilities on LiveCoin Emercoin and LiveCoin Karbo 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 LiveCoin Karbo. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and LiveCoin Karbo.
Horizon     30 Days    Login   to change
Symbolsvs
Compare Efficiency

Comparative Performance

LiveCoin Emercoin USD  
0

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Karbo USD  
0

Risk-Adjusted Performance

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

LiveCoin Emercoin and LiveCoin Karbo Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin Emercoin USD  vs.  LiveCoin Karbo USD

LiveCoin

Emercoin on LiveCoin in USD

 0.33 
0.0128  3.98%
Market Cap: 268
  

LiveCoin

Karbo on LiveCoin in USD

 0.06 
0.01085  20.04%
Market Cap: 3.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the LiveCoin Karbo. In addition to that, LiveCoin Emercoin is 1.34 times more volatile than LiveCoin Karbo USD. It trades about -0.18 of its total potential returns per unit of risk. LiveCoin Karbo USD is currently generating about -0.14 per unit of volatility. If you would invest  12.52  in LiveCoin Karbo USD on November 18, 2018 and sell it today you would lose (6.02)  from holding LiveCoin Karbo USD or give up 48.1% of portfolio value over 30 days.

Pair Corralation between LiveCoin Emercoin and LiveCoin Karbo

0.97
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy97.67%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Emercoin and LiveCoin Karbo

LiveCoin Emercoin USD diversification synergy

Almost no diversification

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

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See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.


 
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