Correlation Analysis Between P2PB2B Stellar and LiveCoin Emercoin

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

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 Emercoin USD  
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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.

P2PB2B Stellar and LiveCoin Emercoin Volatility Contrast

P2PB2B Stellar USD  vs.  LiveCoin Emercoin USD

P2PB2B

Stellar on P2PB2B in USD

 0.08 
0.00431  5.58%
Market Cap: 1 M
  

LiveCoin

Emercoin on LiveCoin in USD

 0.10 
(0.0061)  5.55%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, P2PB2B Stellar USD is expected to generate 1.75 times more return on investment than LiveCoin Emercoin. However, P2PB2B Stellar is 1.75 times more volatile than LiveCoin Emercoin USD. It trades about 0.71 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.71 per unit of risk. 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 Emercoin

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

Diversification Opportunities for P2PB2B Stellar and LiveCoin Emercoin

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 Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin 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 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 P2PB2B Stellar i.e. P2PB2B Stellar and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.


 
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