Correlation Analysis Between Yobit Golem and LiveCoin LEOcoin

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

Yobit Golem Network Token USD  vs.  LiveCoin LEOcoin USD

Yobit

Golem Network Token on Yobit in USD

 0.14 
0.0193  12.48%
Market Cap: 18.0
  

LiveCoin

LEOcoin on LiveCoin in USD

 0.13 
0.0007  0.54%
Market Cap: 59.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 1.73 times more return on investment than LiveCoin LEOcoin. However, Yobit Golem is 1.73 times more volatile than LiveCoin LEOcoin USD. It trades about -0.12 of its potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about -0.21 per unit of risk. If you would invest  18.37  in Yobit Golem Network Token USD on August 26, 2018 and sell it today you would lose (4.84)  from holding Yobit Golem Network Token USD or give up 26.35% of portfolio value over 30 days.

Pair Corralation between Yobit Golem and LiveCoin LEOcoin

0.45
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy95.45%
ValuesDaily Returns

Diversification

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit Golem Network Token USD and LiveCoin LEOcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin LEOcoin USD 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 LEOcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin LEOcoin USD has no effect on the direction of Yobit Golem i.e. Yobit Golem and LiveCoin LEOcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Golem Network  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit Golem Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin LEOcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days LiveCoin LEOcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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