This module allows you to analyze existing cross correlation between Yobit Gulden USD and LiveCoin Adzcoin USD. You can compare the effects of market volatilities on Yobit Gulden and LiveCoin Adzcoin 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 Gulden with a short position of LiveCoin Adzcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Gulden
and LiveCoin Adzcoin
Yobit Gulden USD vs LiveCoin Adzcoin USD
Assuming 30 trading days horizon, Yobit Gulden USD is expected to generate 3.22 times more return on investment than LiveCoin Adzcoin. However, Yobit Gulden is 3.22 times more volatile than LiveCoin Adzcoin USD. It trades about 0.08 of its potential returns per unit of risk. LiveCoin Adzcoin USD is currently generating about -0.12 per unit of risk. If you would invest 174.00 in Yobit Gulden USD on February 15, 2018 and sell it today you would lose (115.00) from holding Yobit Gulden USD or give up 66.09% 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 Gulden USD and LiveCoin Adzcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Adzcoin USD and Yobit Gulden 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 Gulden USD are associated (or correlated) with LiveCoin Adzcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Adzcoin USD has no effect on the direction of Yobit Gulden i.e. Yobit Gulden and LiveCoin Adzcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Gulden USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days LiveCoin Adzcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.