Correlation Analysis Between LiveCoin LEOcoin and Poloniex Monero

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

LiveCoin LEOcoin USD  vs.  Poloniex Monero USD

LiveCoin

LEOcoin on LiveCoin in USD

 0.13 
0.0026  2.00%
Market Cap: 59.0
  

Poloniex

Monero on Poloniex in USD

 121.78 
3.71  2.96%
Market Cap: 566.6 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin LEOcoin USD is expected to under-perform the Poloniex Monero. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin LEOcoin USD is 1.15 times less risky than Poloniex Monero. The crypto trades about -0.28 of its potential returns per unit of risk. The Poloniex Monero USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  9,276  in Poloniex Monero USD on August 23, 2018 and sell it today you would earn a total of  2,919  from holding Poloniex Monero USD or generate 31.47% return on investment over 30 days.

Pair Corralation between LiveCoin LEOcoin and Poloniex Monero

-0.28
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin LEOcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days LiveCoin LEOcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Poloniex Monero USD  
14 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Monero USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

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