Correlation Analysis Between LiveCoin Ethereum and Exmo Ethereum

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

Comparative Performance

LiveCoin Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Ethereum is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo Ethereum USD  
00

Risk-Adjusted Performance

Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively fragile essential indicators, Exmo Ethereum unveiled solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Ethereum and Exmo Ethereum Volatility Contrast

LiveCoin Ethereum USD  vs.  Exmo Ethereum USD

LiveCoin

Ethereum on LiveCoin in USD

 221.44 
0.00  0.00%
Market Cap: 20.1 M
  

Exmo

Ethereum on Exmo in USD

 220.74 
0.00  0.00%
Market Cap: 126.4 M
 0.70 
0.32% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  20,788  in Exmo Ethereum USD on August 21, 2019 and sell it today you would earn a total of  1,435  from holding Exmo Ethereum USD or generate 6.9% return on investment over 30 days.

Pair Corralation between LiveCoin Ethereum and Exmo Ethereum

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy33.33%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Ethereum and Exmo Ethereum

LiveCoin Ethereum USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Ethereum USD and Exmo Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo 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 Exmo Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Ethereum USD has no effect on the direction of LiveCoin Ethereum i.e. LiveCoin Ethereum and Exmo Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.


 
Search macroaxis.com