This module allows you to analyze existing cross correlation between LiveCoin PeerCoin USD and Kraken Augur USD. You can compare the effects of market volatilities on LiveCoin PeerCoin and Kraken Augur 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 PeerCoin with a short position of Kraken Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin PeerCoin and Kraken Augur.
|Horizon||30 Days Login to change|
|LiveCoin PeerCoin USD|
Over the last 30 days LiveCoin PeerCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin PeerCoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|Kraken Augur USD|
Over the last 30 days Kraken Augur 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 basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
LiveCoin PeerCoin and Kraken Augur Volatility Contrast
LiveCoin PeerCoin USD vs. Kraken Augur USD
If you would invest (100.00) in LiveCoin PeerCoin USD on August 20, 2019 and sell it today you would earn a total of 100.00 from holding LiveCoin PeerCoin USD or generate -100.0% return on investment over 30 days.
Pair Corralation between LiveCoin PeerCoin and Kraken Augur
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin PeerCoin and Kraken Augur
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin PeerCoin USD and Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur USD and LiveCoin PeerCoin 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 PeerCoin USD are associated (or correlated) with Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of LiveCoin PeerCoin i.e. LiveCoin PeerCoin and Kraken Augur go up and down completely randomly.
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