Correlation Analysis Between LiveCoin Karbo and Kraken Augur

This module allows you to analyze existing cross correlation between LiveCoin Karbo USD and Kraken Augur USD. You can compare the effects of market volatilities on LiveCoin Karbo and Kraken Augur 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 Karbo with a short position of Kraken Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Karbo and Kraken Augur.
Horizon     30 Days    Login   to change
Symbolsvs
Compare Efficiency

Comparative Performance

LiveCoin Karbo USD  
0

Risk-Adjusted Performance

Over the last 30 days LiveCoin Karbo USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Augur USD  
0

Risk-Adjusted Performance

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

LiveCoin Karbo and Kraken Augur Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin Karbo USD  vs.  Kraken Augur USD

LiveCoin

Karbo on LiveCoin in USD

 0.06 
0.00  0.00%
Market Cap: 51.0
  

Kraken

Augur on Kraken in USD

 5.65 
0.03  0.53%
Market Cap: 4.8 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Karbo USD is expected to under-perform the Kraken Augur. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Karbo USD is 1.03 times less risky than Kraken Augur. The crypto trades about -0.2 of its potential returns per unit of risk. The Kraken Augur USD is currently generating about -0.18 of returns per unit of risk over similar time horizon. If you would invest  1,214  in Kraken Augur USD on November 17, 2018 and sell it today you would lose (652.00)  from holding Kraken Augur USD or give up 53.71% of portfolio value over 30 days.

Pair Corralation between LiveCoin Karbo and Kraken Augur

0.86
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy88.37%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Karbo and Kraken Augur

LiveCoin Karbo USD diversification synergy

Very poor diversification

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

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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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