This module allows you to analyze existing cross correlation between Yobit Golem Network Token USD and LiveCoin Litecoin USD. You can compare the effects of market volatilities on Yobit Golem 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 Golem with a short position of LiveCoin Litecoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Golem
and LiveCoin Litecoin
Yobit Golem Network Token USD vs LiveCoin Litecoin USD
Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 3.14 times more return on investment than LiveCoin Litecoin. However, Yobit Golem is 3.14 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 -0.08 per unit of risk. If you would invest 31.20 in Yobit Golem Network Token USD on February 21, 2018 and sell it today you would lose (6.51) from holding Yobit Golem Network Token USD or give up 20.87% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Golem Network Token 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 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 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 Golem i.e. Yobit Golem and LiveCoin Litecoin go up and down completely randomly.
Over the last 30 days Yobit Golem Network Token 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.