Correlation Analysis Between P2PB2B Stellar and LiveCoin DigiByte

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

P2PB2B Stellar USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, P2PB2B Stellar sustained solid returns over the last few months and may actually be approaching a breakup point.
LiveCoin DigiByte USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin DigiByte USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin DigiByte is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

P2PB2B Stellar and LiveCoin DigiByte Volatility Contrast

P2PB2B Stellar USD  vs.  LiveCoin DigiByte USD

P2PB2B

Stellar on P2PB2B in USD

 0.08 
0.00679  8.79%
Market Cap: 1 M
  

LiveCoin

DigiByte on LiveCoin in USD

 0.01049 
0.00  0.00%
Market Cap: 45.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  7.72  in P2PB2B Stellar USD on August 20, 2019 and sell it today you would earn a total of  0.43  from holding P2PB2B Stellar USD or generate 5.58% return on investment over 30 days.

Pair Corralation between P2PB2B Stellar and LiveCoin DigiByte

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

Diversification Opportunities for P2PB2B Stellar and LiveCoin DigiByte

P2PB2B Stellar USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Stellar USD and LiveCoin DigiByte USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin DigiByte USD and P2PB2B Stellar 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 Stellar USD are associated (or correlated) with LiveCoin DigiByte. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin DigiByte USD has no effect on the direction of P2PB2B Stellar i.e. P2PB2B Stellar and LiveCoin DigiByte go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.


 
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