This module allows you to analyze existing cross correlation between Yobit DebitCoin USD and LiveCoin Litecoin USD. You can compare the effects of market volatilities on Yobit DebitCoin and LiveCoin Litecoin 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 DebitCoin with a short position of LiveCoin Litecoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit DebitCoin
and LiveCoin Litecoin
Yobit DebitCoin USD vs LiveCoin Litecoin USD
Assuming 30 trading days horizon, Yobit DebitCoin USD is expected to generate 4.79 times more return on investment than LiveCoin Litecoin. However, Yobit DebitCoin is 4.79 times more volatile than LiveCoin Litecoin USD. It trades about -0.01 of its potential returns per unit of risk. LiveCoin Litecoin USD is currently generating about -0.22 per unit of risk. If you would invest 0.97 in Yobit DebitCoin USD on February 16, 2018 and sell it today you would lose (0.62) from holding Yobit DebitCoin USD or give up 64.38% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit DebitCoin USD and LiveCoin Litecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Litecoin USD and Yobit DebitCoin 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 DebitCoin USD are associated (or correlated) with LiveCoin Litecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Litecoin USD has no effect on the direction of Yobit DebitCoin i.e. Yobit DebitCoin and LiveCoin Litecoin go up and down completely randomly.
Over the last 30 days Yobit DebitCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days LiveCoin Litecoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.