Correlation Analysis Between LiveCoin Lisk and P2PB2B Waves

This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and P2PB2B Waves USD. You can compare the effects of market volatilities on LiveCoin Lisk and P2PB2B Waves 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 P2PB2B Waves. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Lisk and P2PB2B Waves.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

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.
P2PB2B Waves USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Waves USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Waves is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.

LiveCoin Lisk and P2PB2B Waves Volatility Contrast

LiveCoin Lisk USD  vs.  P2PB2B Waves USD

LiveCoin

Lisk on LiveCoin in USD

 1.05 
0.001  0.1%
Market Cap: 382
  

P2PB2B

Waves on P2PB2B in USD

 1.06 
0.005  0.47%
Market Cap: 60.8 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the P2PB2B Waves. In addition to that, LiveCoin Lisk is 31.19 times more volatile than P2PB2B Waves USD. It trades about -0.71 of its total potential returns per unit of risk. P2PB2B Waves USD is currently generating about 0.71 per unit of volatility. If you would invest  105.50  in P2PB2B Waves USD on August 22, 2019 and sell it today you would earn a total of  0.10  from holding P2PB2B Waves USD or generate 0.09% return on investment over 30 days.

Pair Corralation between LiveCoin Lisk and P2PB2B Waves

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

Diversification Opportunities for LiveCoin Lisk and P2PB2B Waves

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 P2PB2B Waves USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Waves 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 P2PB2B Waves. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Waves USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and P2PB2B Waves go up and down completely randomly.
See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..


 
Search macroaxis.com