This module allows you to analyze existing cross correlation between Yobit Ethereum Classic USD and LiveCoin E-Dinar Coin USD. You can compare the effects of market volatilities on Yobit Ethereum and LiveCoin E-Dinar 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 Ethereum with a short position of LiveCoin E-Dinar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Ethereum
and LiveCoin E-Dinar
Yobit Ethereum Classic USD vs LiveCoin E-Dinar Coin USD
Assuming 30 trading days horizon, Yobit Ethereum Classic USD is expected to under-perform the LiveCoin E-Dinar. In addition to that, Yobit Ethereum is 1.08 times more volatile than LiveCoin E-Dinar Coin USD. It trades about -0.32 of its total potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.09 per unit of volatility. If you would invest 2.30 in LiveCoin E-Dinar Coin USD on February 15, 2018 and sell it today you would lose (0.44) from holding LiveCoin E-Dinar Coin USD or give up 19.07% of portfolio value 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 Ethereum Classic USD and LiveCoin E-Dinar Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin E-Dinar Coin and Yobit Ethereum 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 Ethereum Classic USD are associated (or correlated) with LiveCoin E-Dinar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin E-Dinar Coin has no effect on the direction of Yobit Ethereum i.e. Yobit Ethereum and LiveCoin E-Dinar go up and down completely randomly.
Over the last 30 days Yobit Ethereum Classic USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.