Correlation Analysis Between LiveCoin Lisk and LiveCoin CapriCoin

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

LiveCoin Lisk USD  
00

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. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
LiveCoin CapriCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.

LiveCoin Lisk and LiveCoin CapriCoin Volatility Contrast

LiveCoin Lisk USD  vs.  LiveCoin CapriCoin USD

LiveCoin

Lisk on LiveCoin in USD

 1.05 
0.001  0.1%
Market Cap: 382
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
(0.00184)  2.08%
Market Cap: 217
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the LiveCoin CapriCoin. In addition to that, LiveCoin Lisk is 1.42 times more volatile than LiveCoin CapriCoin USD. It trades about -0.71 of its total potential returns per unit of risk. LiveCoin CapriCoin USD is currently generating about -0.71 per unit of volatility. If you would invest  8.85  in LiveCoin CapriCoin USD on August 22, 2019 and sell it today you would lose (0.18)  from holding LiveCoin CapriCoin USD or give up 2.08% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and LiveCoin CapriCoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and LiveCoin CapriCoin

LiveCoin Lisk USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin 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 CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and LiveCoin CapriCoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.


 
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