Correlation Analysis Between LiveCoin NEO and LiveCoin Emercoin

This module allows you to analyze existing cross correlation between LiveCoin NEO USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on LiveCoin NEO and LiveCoin Emercoin 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 NEO with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin NEO and LiveCoin Emercoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

LiveCoin NEO USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.

LiveCoin NEO and LiveCoin Emercoin Volatility Contrast

LiveCoin NEO USD  vs.  LiveCoin Emercoin USD

LiveCoin

NEO on LiveCoin in USD

 9.77 
0.004  0.041%
Market Cap: 1.9 K
  

LiveCoin

Emercoin on LiveCoin in USD

 0.1 
(0.00035)  0.36%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin NEO USD is expected to generate 0.05 times more return on investment than LiveCoin Emercoin. However, LiveCoin NEO USD is 22.22 times less risky than LiveCoin Emercoin. It trades about -0.71 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.61 per unit of risk. If you would invest  980.60  in LiveCoin NEO USD on August 21, 2019 and sell it today you would lose (4.00)  from holding LiveCoin NEO USD or give up 0.41% of portfolio value over 30 days.

Pair Corralation between LiveCoin NEO and LiveCoin Emercoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy66.67%
ValuesDaily Returns

Diversification Opportunities for LiveCoin NEO and LiveCoin Emercoin

LiveCoin NEO USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin NEO USD and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin USD and LiveCoin NEO 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 NEO USD are associated (or correlated) with LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of LiveCoin NEO i.e. LiveCoin NEO and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.


 
Search macroaxis.com