Correlation Analysis Between LiveCoin Lisk and Bitfinex Recovery

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

Comparative Performance

LiveCoin Lisk USD  
0

Risk-Adjusted Performance

Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Bitfinex Recovery Right  
1

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Recovery Right Tokens USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Lisk and Bitfinex Recovery Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin Lisk USD  vs.  Bitfinex Recovery Right Tokens

LiveCoin

Lisk on LiveCoin in USD

 1.35 
0.08  6.30%
Market Cap: 201
  

Bitfinex

Recovery Right Tokens on Bitfinex in USD

 0.03679 
0.00116  3.26%
Market Cap: 145
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Bitfinex Recovery. In addition to that, LiveCoin Lisk is 1.87 times more volatile than Bitfinex Recovery Right Tokens USD. It trades about -0.26 of its total potential returns per unit of risk. Bitfinex Recovery Right Tokens USD is currently generating about 0.02 per unit of volatility. If you would invest  3.69  in Bitfinex Recovery Right Tokens USD on November 19, 2018 and sell it today you would lose (0.01)  from holding Bitfinex Recovery Right Tokens USD or give up 0.27% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and Bitfinex Recovery

-0.06
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and Bitfinex Recovery

LiveCoin Lisk USD diversification synergy

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and Bitfinex Recovery Right Tokens in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Recovery Right and LiveCoin Lisk 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 Lisk USD are associated (or correlated) with Bitfinex Recovery. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Recovery Right has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and Bitfinex Recovery 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 Financial Widgets module to easily integrated macroaxis content with over 30 different plug-and-play financial widgets.


 
Search macroaxis.com