This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and LiveCoin BlueCoin USD. You can compare the effects of market volatilities on LiveCoin Lisk and LiveCoin BlueCoin 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 LiveCoin BlueCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of LiveCoin Lisk
and LiveCoin BlueCoin
LiveCoin Lisk USD vs LiveCoin BlueCoin USD
Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the LiveCoin BlueCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.14 times less risky than LiveCoin BlueCoin. The crypto trades about -0.47 of its potential returns per unit of risk. The LiveCoin BlueCoin USD is currently generating about -0.16 of returns per unit of risk over similar time horizon. If you would invest 0.72 in LiveCoin BlueCoin USD on February 15, 2018 and sell it today you would lose (0.23) from holding LiveCoin BlueCoin USD or give up 32.17% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and LiveCoin BlueCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin BlueCoin 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 LiveCoin BlueCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin BlueCoin USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and LiveCoin BlueCoin 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 LiveCoin BlueCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.