Correlation Analysis Between LiveCoin Lisk and LiveCoin Stratis

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

Comparative Performance

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 Stratis USD  
0

Risk-Adjusted Performance

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

LiveCoin Lisk and LiveCoin Stratis Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin Lisk USD  vs.  LiveCoin Stratis USD

LiveCoin

Lisk on LiveCoin in USD

 1.13 
0.01  0.89%
Market Cap: 201
  

LiveCoin

Stratis on LiveCoin in USD

 0.61 
(0.0067)  1.09%
Market Cap: 2.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the LiveCoin Stratis. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.95 times less risky than LiveCoin Stratis. The crypto trades about -0.3 of its potential returns per unit of risk. The LiveCoin Stratis USD is currently generating about -0.06 of returns per unit of risk over similar time horizon. If you would invest  120.00  in LiveCoin Stratis USD on November 16, 2018 and sell it today you would lose (59.06)  from holding LiveCoin Stratis USD or give up 49.22% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and LiveCoin Stratis

0.9
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy97.78%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and LiveCoin Stratis

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 Stratis USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Stratis 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 Stratis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Stratis USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and LiveCoin Stratis go up and down completely randomly.

Thematic Opportunities

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See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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