Correlation Analysis Between LiveCoin Lisk and Yobit Bitcloud

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

LiveCoin Lisk USD  vs.  Yobit Bitcloud USD

LiveCoin

Lisk on LiveCoin in USD
 5.90 
0.14  2.43%
Market Cap: 30.1 K
  

Yobit

Bitcloud on Yobit in USD
 0.02 
0.005  20.00%
Market Cap: 19.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Yobit Bitcloud. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.29 times less risky than Yobit Bitcloud. The crypto trades about -0.32 of its potential returns per unit of risk. The Yobit Bitcloud USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  2.00  in Yobit Bitcloud USD on May 24, 2018 and sell it today you would lose  0.00  from holding Yobit Bitcloud USD or give up 0.05% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and Yobit Bitcloud

0.55
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitcloud USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1169.84

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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.