Correlation Analysis Between LiveCoin Lisk and Yobit Waves

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

Comparative Performance

LiveCoin Lisk USD  

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 Waves USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Waves USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Lisk and Yobit Waves Volatility Contrast

 Predicted Return Density 

LiveCoin Lisk USD  vs.  Yobit Waves USD


Lisk on LiveCoin in USD

0.01  0.89%
Market Cap: 480


Waves on Yobit in USD

0.13  5.31%
Market Cap: 6.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Yobit Waves. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.54 times less risky than Yobit Waves. The crypto trades about -0.3 of its potential returns per unit of risk. The Yobit Waves USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  210.00  in Yobit Waves USD on November 16, 2018 and sell it today you would earn a total of  47.00  from holding Yobit Waves USD or generate 22.38% return on investment over 30 days.

Pair Corralation between LiveCoin Lisk and Yobit Waves

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and Yobit Waves

LiveCoin Lisk USD diversification synergy

Weak diversification

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

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