Correlation Analysis Between LiveCoin PeerCoin and P2PB2B Waves

This module allows you to analyze existing cross correlation between LiveCoin PeerCoin USD and P2PB2B Waves USD. You can compare the effects of market volatilities on LiveCoin PeerCoin and P2PB2B 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 PeerCoin with a short position of P2PB2B Waves. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin PeerCoin and P2PB2B Waves.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

LiveCoin PeerCoin USD  
00

Risk-Adjusted Performance

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.
P2PB2B Waves USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Waves 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 P2PB2B Waves Volatility Contrast

LiveCoin PeerCoin USD  vs.  P2PB2B Waves USD

LiveCoin

PeerCoin on LiveCoin in USD

 0.32 
(0.0083)  2.57%
Market Cap: 5.2 K
  

P2PB2B

Waves on P2PB2B in USD

 1.08 
0.004  0.37%
Market Cap: 60.8 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  32.33  in LiveCoin PeerCoin USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding LiveCoin PeerCoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin PeerCoin and P2PB2B Waves

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin PeerCoin and P2PB2B Waves

LiveCoin PeerCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin PeerCoin USD and P2PB2B Waves USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Waves 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 P2PB2B Waves. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Waves USD has no effect on the direction of LiveCoin PeerCoin i.e. LiveCoin PeerCoin and P2PB2B Waves go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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