This module allows you to analyze existing cross correlation between Yobit Bitshares USD and LiveCoin BlueCoin USD. You can compare the effects of market volatilities on Yobit Bitshares and LiveCoin BlueCoin 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 Bitshares with a short position of LiveCoin BlueCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Bitshares
and LiveCoin BlueCoin
Yobit Bitshares USD vs LiveCoin BlueCoin USD
Assuming 30 trading days horizon, Yobit Bitshares is expected to generate 1.2 times less return on investment than LiveCoin BlueCoin. In addition to that, Yobit Bitshares is 1.04 times more volatile than LiveCoin BlueCoin USD. It trades about 0.19 of its total potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.23 per unit of volatility. If you would invest 0.56 in LiveCoin BlueCoin USD on November 10, 2017 and sell it today you would earn a total of 0.83 from holding LiveCoin BlueCoin USD or generate 148.21% 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 Bitshares USD and LiveCoin BlueCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin BlueCoin USD and Yobit Bitshares 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 Bitshares USD are associated (or correlated) with LiveCoin BlueCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin BlueCoin USD has no effect on the direction of Yobit Bitshares i.e. Yobit Bitshares and LiveCoin BlueCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitshares USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin BlueCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.