Correlation Analysis Between LiveCoin Emercoin and LiveCoin Litecoin

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

LiveCoin Emercoin USD  vs.  LiveCoin Litecoin USD

LiveCoin

Emercoin on LiveCoin in USD

 1.19 
0.04  3.48%
Market Cap: 116
  

LiveCoin

Litecoin on LiveCoin in USD

 0.00 
0.00  0.00%
Market Cap: 7.7 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in LiveCoin Litecoin USD on August 26, 2018 and sell it today you would earn a total of  0.00  from holding LiveCoin Litecoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and LiveCoin Litecoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

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.

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