Correlation Analysis Between LiveCoin Lisk and Yobit Lisk

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

LiveCoin Lisk USD  
77

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Lisk USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, LiveCoin Lisk layed out solid returns over the last few months and may actually be approaching a breakup point.
Yobit Lisk USD  
66

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Lisk USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days. Even with considerably weak technical indicators, Yobit Lisk revealed solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Lisk and Yobit Lisk Volatility Contrast

 Predicted Return Density 
      Returns 

LiveCoin Lisk USD  vs.  Yobit Lisk USD

LiveCoin

Lisk on LiveCoin in USD

 1.88 
(0.11)  5.53%
Market Cap: 300
  

Yobit

Lisk on Yobit in USD

 2.00 
0.08  4.17%
Market Cap: 19.0
(0.12)
6.38% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk is expected to generate 1.12 times less return on investment than Yobit Lisk. But when comparing it to its historical volatility, LiveCoin Lisk USD is 1.4 times less risky than Yobit Lisk. It trades about 0.11 of its potential returns per unit of risk. Yobit Lisk USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  164.00  in Yobit Lisk USD on April 26, 2019 and sell it today you would earn a total of  28.00  from holding Yobit Lisk USD or generate 17.07% return on investment over 30 days.

Pair Corralation between LiveCoin Lisk and Yobit Lisk

0.8
Time Period2 Months [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and Yobit Lisk

LiveCoin Lisk USD diversification synergy

Very poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk USD and Yobit Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Lisk 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 Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Lisk USD has no effect on the direction of LiveCoin Lisk i.e. LiveCoin Lisk and Yobit Lisk go up and down completely randomly.
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.


 
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