Correlation Analysis Between LiveCoin Lisk and Poloniex Monero

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

LiveCoin Lisk USD  vs.  Poloniex Monero USD

LiveCoin

Lisk on LiveCoin in USD
 7.36 
0.09  1.24%
Market Cap: 16.5 K
  

Poloniex

Monero on Poloniex in USD
 123.20 
0.05  0.0406%
Market Cap: 33.3 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to generate 0.74 times more return on investment than Poloniex Monero. However, LiveCoin Lisk USD is 1.35 times less risky than Poloniex Monero. It trades about -0.19 of its potential returns per unit of risk. Poloniex Monero USD is currently generating about -0.18 per unit of risk. If you would invest  934.00  in LiveCoin Lisk USD on May 22, 2018 and sell it today you would lose (198.00)  from holding LiveCoin Lisk USD or give up 21.2% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and Poloniex Monero

0.88
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy96.77%
ValuesDaily Returns

Diversification

Very poor diversification

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

Risk-Adjusted Performance

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

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