Correlation Analysis Between LiveCoin LEOcoin and Yobit Golem

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

Comparative Performance

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.
Yobit Golem Network  
0

Risk-Adjusted Performance

Over the last 30 days Yobit Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions.

LiveCoin LEOcoin and Yobit Golem Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin LEOcoin USD  vs.  Yobit Golem Network Token USD

LiveCoin

LEOcoin on LiveCoin in USD

 0.07 
0.00152  2.10%
Market Cap: 36.0
  

Yobit

Golem Network Token on Yobit in USD

 0.07 
0.00  0.00%
Market Cap: 1.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin LEOcoin USD is expected to generate 0.77 times more return on investment than Yobit Golem. However, LiveCoin LEOcoin USD is 1.3 times less risky than Yobit Golem. It trades about -0.1 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about -0.16 per unit of risk. If you would invest  11.98  in LiveCoin LEOcoin USD on November 18, 2018 and sell it today you would lose (4.58)  from holding LiveCoin LEOcoin USD or give up 38.22% of portfolio value over 30 days.

Pair Corralation between LiveCoin LEOcoin and Yobit Golem

0.89
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy95.35%
ValuesDaily Returns

Diversification Opportunities for LiveCoin LEOcoin and Yobit Golem

LiveCoin LEOcoin USD diversification synergy

Very poor diversification

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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.


 
Search macroaxis.com