Correlation Analysis Between LiveCoin Lisk and P2PB2B Stellar

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

LiveCoin Lisk USD  
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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 Stellar USD  
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Risk-Adjusted Performance

Over the last 30 days P2PB2B Stellar 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 basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

LiveCoin Lisk and P2PB2B Stellar Volatility Contrast

LiveCoin Lisk USD  vs.  P2PB2B Stellar USD

LiveCoin

Lisk on LiveCoin in USD

 1.02 
(0.029)  2.76%
Market Cap: 382
  

P2PB2B

Stellar on P2PB2B in USD

 0.07 
(0.00363)  5.02%
Market Cap: 1 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the P2PB2B Stellar. In addition to that, LiveCoin Lisk is 1.22 times more volatile than P2PB2B Stellar USD. It trades about -0.71 of its total potential returns per unit of risk. P2PB2B Stellar USD is currently generating about -0.71 per unit of volatility. If you would invest  7.23  in P2PB2B Stellar USD on August 22, 2019 and sell it today you would lose (0.12)  from holding P2PB2B Stellar USD or give up 1.65% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and P2PB2B Stellar

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

Diversification Opportunities for LiveCoin Lisk and P2PB2B Stellar

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 Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Stellar 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 Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Stellar USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and P2PB2B Stellar go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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