This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and Bitfinex ZCash USD. You can compare the effects of market volatilities on LiveCoin Lisk and Bitfinex ZCash 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 ZCash. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Lisk
and Bitfinex ZCash
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 ZCash USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Lisk and Bitfinex ZCash Volatility Contrast
LiveCoin Lisk USD vs. Bitfinex ZCash USD
Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Bitfinex ZCash. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.06 times less risky than Bitfinex ZCash. The crypto trades about -0.26 of its potential returns per unit of risk. The Bitfinex ZCash USD is currently generating about -0.18 of returns per unit of risk over similar time horizon. If you would invest 12,204 in Bitfinex ZCash USD on November 19, 2018 and sell it today you would lose (6,085) from holding Bitfinex ZCash USD or give up 49.86% of portfolio value over 30 days.
Pair Corralation between LiveCoin Lisk and Bitfinex ZCash
|Time Period||2 Months [change]|
Diversification Opportunities for LiveCoin Lisk and Bitfinex ZCash
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and Bitfinex ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex ZCash 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 ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex ZCash USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and Bitfinex ZCash go up and down completely randomly.