Correlation Analysis Between LiveCoin Emercoin and LiveCoin Lisk

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

LiveCoin Emercoin USD  vs.  LiveCoin Lisk USD

LiveCoin

Emercoin on LiveCoin in USD

 0.29 
(0.0148)  4.93%
Market Cap: 90.0
  

LiveCoin

Lisk on LiveCoin in USD

 1.17 
(0.01)  0.85%
Market Cap: 480
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the LiveCoin Lisk. In addition to that, LiveCoin Emercoin is 1.54 times more volatile than LiveCoin Lisk USD. It trades about -0.22 of its total potential returns per unit of risk. LiveCoin Lisk USD is currently generating about -0.3 per unit of volatility. If you would invest  300.00  in LiveCoin Lisk USD on November 11, 2018 and sell it today you would lose (183.00)  from holding LiveCoin Lisk USD or give up 61.0% of portfolio value over 30 days.

Pair Corralation between LiveCoin Emercoin and LiveCoin Lisk

0.97
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

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 Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk 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 Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and LiveCoin Lisk go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
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 Lisk USD  
0

Risk-Adjusted Performance

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

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