This module allows you to analyze existing cross correlation between LiveCoin Ethereum USD and BCEX Ethereum USD. You can compare the effects of market volatilities on LiveCoin Ethereum and BCEX Ethereum 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 Ethereum with a short position of BCEX Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Ethereum and BCEX Ethereum.
|Horizon||30 Days Login to change|
|LiveCoin Ethereum USD|
Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, LiveCoin Ethereum layed out solid returns over the last few months and may actually be approaching a breakup point.
|BCEX Ethereum USD|
Over the last 30 days BCEX Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, BCEX Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
LiveCoin Ethereum and BCEX Ethereum Volatility Contrast
LiveCoin Ethereum USD vs. BCEX Ethereum USD
If you would invest 21,132 in LiveCoin Ethereum USD on August 21, 2019 and sell it today you would earn a total of 1,218 from holding LiveCoin Ethereum USD or generate 5.76% return on investment over 30 days.
Pair Corralation between LiveCoin Ethereum and BCEX Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Ethereum and BCEX Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Ethereum USD and BCEX Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BCEX Ethereum USD and LiveCoin Ethereum 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 Ethereum USD are associated (or correlated) with BCEX Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BCEX Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and BCEX Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.