Correlation Analysis Between Yobit Golem and LiveCoin E-Dinar

This module allows you to analyze existing cross correlation between Yobit Golem Network Token USD and LiveCoin E-Dinar Coin USD. You can compare the effects of market volatilities on Yobit Golem 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 Golem with a short position of LiveCoin E-Dinar. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Golem and LiveCoin E-Dinar.
Horizon     30 Days    Login   to change
Symbolsvs

Yobit Golem Network Token USD  vs.  LiveCoin E-Dinar Coin USD

Yobit

Golem Network Token on Yobit in USD

 0.15 
0.0116  8.11%
Market Cap: 18.0
  

LiveCoin

E-Dinar Coin on LiveCoin in USD

 0.00861 
0.00001  0.12%
Market Cap: 39.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 0.95 times more return on investment than LiveCoin E-Dinar. However, Yobit Golem Network Token USD is 1.05 times less risky than LiveCoin E-Dinar. It trades about 0.1 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about 0.03 per unit of risk. If you would invest  13.82  in Yobit Golem Network Token USD on August 24, 2018 and sell it today you would earn a total of  1.64  from holding Yobit Golem Network Token USD or generate 11.87% return on investment over 30 days.

Pair Corralation between Yobit Golem and LiveCoin E-Dinar

0.64
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit Golem Network Token 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 Golem 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 Golem Network Token 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 Golem i.e. Yobit Golem and LiveCoin E-Dinar go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Golem Network  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
LiveCoin E-Dinar Coin  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin E-Dinar Coin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1171.09

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