Correlation Analysis Between LiveCoin Lisk and Yobit BitBean

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

LiveCoin Lisk USD  vs.  Yobit BitBean USD

LiveCoin

Lisk on LiveCoin in USD

 1.21 
0.01  0.83%
Market Cap: 480
  

Yobit

BitBean on Yobit in USD

 0.0011 
(0.000454)  29.21%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Yobit BitBean. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 24.82 times less risky than Yobit BitBean. The crypto trades about -0.28 of its potential returns per unit of risk. The Yobit BitBean USD is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  0.40  in Yobit BitBean USD on November 10, 2018 and sell it today you would lose (0.29)  from holding Yobit BitBean USD or give up 72.5% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and Yobit BitBean

0.64
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

LiveCoin Lisk USD diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and Yobit BitBean USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit BitBean 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 Yobit BitBean. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit BitBean USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and Yobit BitBean 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.
Yobit BitBean USD  
10

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitBean USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

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
$68.02

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