Correlation Analysis Between LiveCoin Emercoin and LiveCoin Veros

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

Comparative Performance

LiveCoin Emercoin USD  
00

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. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
LiveCoin Veros USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Veros USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Veros is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

LiveCoin Emercoin and LiveCoin Veros Volatility Contrast

LiveCoin Emercoin USD  vs.  LiveCoin Veros USD

LiveCoin

Emercoin on LiveCoin in USD

 0.11 
(0.003)  2.73%
Market Cap: 932
  

LiveCoin

Veros on LiveCoin in USD

 0.00167 
(0.00005)  2.91%
Market Cap: 334
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.17  in LiveCoin Veros USD on August 20, 2019 and sell it today you would earn a total of  0.00  from holding LiveCoin Veros USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and LiveCoin Veros

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Emercoin and LiveCoin Veros

LiveCoin Emercoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and LiveCoin Veros USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Veros 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 Veros. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Veros USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and LiveCoin Veros go up and down completely randomly.
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.


 
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