This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and Bitfinex SingularDTV USD. You can compare the effects of market volatilities on LiveCoin Lisk and Bitfinex SingularDTV 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 SingularDTV. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Lisk
and Bitfinex SingularDTV
LiveCoin Lisk USD vs Bitfinex SingularDTV USD
Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to generate 0.67 times more return on investment than Bitfinex SingularDTV. However, LiveCoin Lisk USD is 1.48 times less risky than Bitfinex SingularDTV. It trades about -0.27 of its potential returns per unit of risk. Bitfinex SingularDTV USD is currently generating about -0.25 per unit of risk. If you would invest 2,210 in LiveCoin Lisk USD on February 20, 2018 and sell it today you would lose (894.00) from holding LiveCoin Lisk USD or give up 40.45% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and Bitfinex SingularDTV USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex SingularDTV USD 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 SingularDTV. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex SingularDTV USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and Bitfinex SingularDTV go up and down completely randomly.
Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Bitfinex SingularDTV USD has generated negative risk-adjusted returns adding no value to investors with long positions.