This module allows you to analyze existing cross correlation between LiveCoin Karbo USD and Yobit Universal Currency USD. You can compare the effects of market volatilities on LiveCoin Karbo and Yobit Universal 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 Yobit Universal. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Karbo
and Yobit Universal
Over the last 30 days LiveCoin Karbo USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Yobit Universal Currency USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Karbo and Yobit Universal Volatility Contrast
LiveCoin Karbo USD vs. Yobit Universal Currency USD
Assuming 30 trading days horizon, LiveCoin Karbo USD is expected to generate 0.67 times more return on investment than Yobit Universal. However, LiveCoin Karbo USD is 1.48 times less risky than Yobit Universal. It trades about -0.15 of its potential returns per unit of risk. Yobit Universal Currency USD is currently generating about -0.16 per unit of risk. If you would invest 12.52 in LiveCoin Karbo USD on November 19, 2018 and sell it today you would lose (6.22) from holding LiveCoin Karbo USD or give up 49.66% of portfolio value over 30 days.
Pair Corralation between LiveCoin Karbo and Yobit Universal
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin Karbo and Yobit Universal
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Karbo USD and Yobit Universal Currency USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Universal Curr 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 Yobit Universal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Universal Curr has no effect on the direction of LiveCoin Karbo i.e. LiveCoin Karbo and Yobit Universal go up and down completely randomly.
See also your portfolio center
. Please also try My Watchlist Analysis
module to analyze my current watchlist and to refresh optimization strategy. macroaxis watchlist is based on self-learning algorithm to remember stocks you like.