This module allows you to analyze existing cross correlation between Yobit BeardDollars USD and LiveCoin Lisk USD. You can compare the effects of market volatilities on Yobit BeardDollars and LiveCoin Lisk 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 Yobit BeardDollars with a short position of LiveCoin Lisk. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BeardDollars
and LiveCoin Lisk
Yobit BeardDollars USD vs LiveCoin Lisk USD
Assuming 30 trading days horizon, Yobit BeardDollars USD is expected to generate 9.27 times more return on investment than LiveCoin Lisk. However, Yobit BeardDollars is 9.27 times more volatile than LiveCoin Lisk USD. It trades about 0.18 of its potential returns per unit of risk. LiveCoin Lisk USD is currently generating about -0.58 per unit of risk. If you would invest 0.30 in Yobit BeardDollars USD on February 16, 2018 and sell it today you would earn a total of 0.21 from holding Yobit BeardDollars USD or generate 70.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit BeardDollars USD and LiveCoin Lisk USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Lisk USD and Yobit BeardDollars 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 Yobit BeardDollars USD are associated (or correlated) with LiveCoin Lisk. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Lisk USD has no effect on the direction of Yobit BeardDollars i.e. Yobit BeardDollars and LiveCoin Lisk go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BeardDollars USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions.