Correlation Analysis Between LiveCoin Lisk and LiveCoin Emercoin

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

LiveCoin Lisk USD  vs.  LiveCoin Emercoin USD

LiveCoin

Lisk on LiveCoin in USD

 1.27 
0.06  4.96%
Market Cap: 52.0
  

LiveCoin

Emercoin on LiveCoin in USD

 0.30 
(0.0141)  4.46%
Market Cap: 528
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to generate 0.66 times more return on investment than LiveCoin Emercoin. However, LiveCoin Lisk USD is 1.53 times less risky than LiveCoin Emercoin. It trades about -0.29 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.2 per unit of risk. If you would invest  310.00  in LiveCoin Lisk USD on November 9, 2018 and sell it today you would lose (188.00)  from holding LiveCoin Lisk USD or give up 60.65% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and LiveCoin Emercoin

0.96
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy97.73%
ValuesDaily Returns

Diversification

LiveCoin Lisk USD diversification synergy

Almost no diversification

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

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions

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TGT - USA Stock
Target Corporation
Specialization
Consumer, Diversified Wholesale And Retail
RegionNorth America
ExchangeNew York Stock Exchange
$67.81

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