Correlation Analysis Between LiveCoin Lisk and Cexio Stellar

This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and Cexio Stellar USD. You can compare the effects of market volatilities on LiveCoin Lisk and Cexio Stellar 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 Cexio Stellar. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Lisk and Cexio Stellar.
 Time Horizon     30 Days    Login   to change
Symbolsvs

LiveCoin Lisk USD  vs.  Cexio Stellar USD

LiveCoin

Lisk on LiveCoin in USD
 5.90 
0.14  2.43%
Market Cap: 30.1 K
  

Cexio

Stellar on Cexio in USD
 0.21 
0.0025  1.23%
Market Cap: 50.4 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Cexio Stellar. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.21 times less risky than Cexio Stellar. The crypto trades about -0.32 of its potential returns per unit of risk. The Cexio Stellar USD is currently generating about -0.18 of returns per unit of risk over similar time horizon. If you would invest  28.81  in Cexio Stellar USD on May 24, 2018 and sell it today you would lose (8.64)  from holding Cexio Stellar USD or give up 29.99% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and Cexio Stellar

0.91
Time Period1 Month [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Almost no diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
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.
Cexio Stellar USD  
0 

Risk-Adjusted Performance

Over the last 30 days Cexio Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1169.84

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