Correlation Analysis Between P2PB2B Bancor and LiveCoin Dash

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

Comparative Performance

P2PB2B Bancor Network  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Bancor Network Token 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 Dash USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly fragile fundamental indicators, LiveCoin Dash layed out solid returns over the last few months and may actually be approaching a breakup point.

P2PB2B Bancor and LiveCoin Dash Volatility Contrast

P2PB2B Bancor Network Token US  vs.  LiveCoin Dash USD

P2PB2B

Bancor Network Token on P2PB2B in USD

 0.42 
0.00  0.00%
Market Cap: 26.0
  

LiveCoin

Dash on LiveCoin in USD

 98.99 
0.00  0.00%
Market Cap: 1.4 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, P2PB2B Bancor Network Token USD is expected to under-perform the LiveCoin Dash. But the crypto apears to be less risky and, when comparing its historical volatility, P2PB2B Bancor Network Token USD is 3.12 times less risky than LiveCoin Dash. The crypto trades about -0.58 of its potential returns per unit of risk. The LiveCoin Dash USD is currently generating about 0.54 of returns per unit of risk over similar time horizon. If you would invest  9,202  in LiveCoin Dash USD on August 21, 2019 and sell it today you would earn a total of  860.00  from holding LiveCoin Dash USD or generate 9.35% return on investment over 30 days.

Pair Corralation between P2PB2B Bancor and LiveCoin Dash

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for P2PB2B Bancor and LiveCoin Dash

P2PB2B Bancor Network Token US diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Bancor Network Token US and LiveCoin Dash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Dash USD and P2PB2B Bancor 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 P2PB2B Bancor Network Token USD are associated (or correlated) with LiveCoin Dash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Dash USD has no effect on the direction of P2PB2B Bancor i.e. P2PB2B Bancor and LiveCoin Dash go up and down completely randomly.
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