Correlation Analysis Between Bitfinex NEO and LiveCoin Emercoin

This module allows you to analyze existing cross correlation between Bitfinex NEO USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on Bitfinex NEO and LiveCoin Emercoin 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 Bitfinex NEO with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex NEO and LiveCoin Emercoin.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Bitfinex NEO USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex NEO is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Emercoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Emercoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.

Bitfinex NEO and LiveCoin Emercoin Volatility Contrast

Bitfinex NEO USD  vs.  LiveCoin Emercoin USD

Bitfinex

NEO on Bitfinex in USD

 9.59 
0.003  0.0313%
Market Cap: 618.9 K
  

LiveCoin

Emercoin on LiveCoin in USD

 0.1 
0.00  0.00%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in LiveCoin Emercoin USD on August 21, 2019 and sell it today you would earn a total of  100.00  from holding LiveCoin Emercoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between Bitfinex NEO and LiveCoin Emercoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for Bitfinex NEO and LiveCoin Emercoin

Bitfinex NEO USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Bitfinex NEO USD and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin USD and Bitfinex NEO 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 Bitfinex NEO USD are associated (or correlated) with LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of Bitfinex NEO i.e. Bitfinex NEO and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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