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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|
|LiveCoin Emercoin USD|
LiveCoin Emercoin and LiveCoin Karbo Volatility Contrast
Predicted Return Density
LiveCoin Emercoin USD vs. LiveCoin Karbo USD
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
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and LiveCoin Karbo
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.