This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and LiveCoin LEOcoin USD. You can compare the effects of market volatilities on LiveCoin Emercoin and LiveCoin LEOcoin 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 LEOcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Emercoin
and LiveCoin LEOcoin
LiveCoin Emercoin USD vs LiveCoin LEOcoin USD
Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the LiveCoin LEOcoin. In addition to that, LiveCoin Emercoin is 2.22 times more volatile than LiveCoin LEOcoin USD. It trades about -0.04 of its total potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about -0.07 per unit of volatility. If you would invest 28.22 in LiveCoin LEOcoin USD on February 21, 2018 and sell it today you would lose (2.41) from holding LiveCoin LEOcoin USD or give up 8.53% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and LiveCoin LEOcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin LEOcoin 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 LEOcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin LEOcoin USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and LiveCoin LEOcoin go up and down completely randomly.
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 LiveCoin LEOcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.