Correlation Analysis Between Coinbase Augur and LiveCoin Emercoin

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

Coinbase Augur USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinbase Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Coinbase Augur is not utilizing all of its potentials. The current stock price agitation, may contribute to short term losses for the management.
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 current stock price disturbance, may contribute to mid-run losses for the stockholder.

Coinbase Augur and LiveCoin Emercoin Volatility Contrast

Coinbase Augur USD  vs.  LiveCoin Emercoin USD

Coinbase

Augur on Coinbase in USD

 10.47 
0.00  0.00%
Market Cap: 1.5 M
  

LiveCoin

Emercoin on LiveCoin in USD

 0.11 
0.00  0.00%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in LiveCoin Emercoin USD on August 16, 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 Coinbase Augur and LiveCoin Emercoin

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

Diversification Opportunities for Coinbase Augur and LiveCoin Emercoin

Coinbase Augur USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Augur 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 Coinbase Augur 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 Coinbase Augur 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 Coinbase Augur i.e. Coinbase Augur and LiveCoin Emercoin go up and down completely randomly.
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