This module allows you to analyze existing cross correlation between Exmo Ethereum USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on Exmo Ethereum 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 Exmo Ethereum with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Exmo Ethereum and LiveCoin Emercoin.
|Horizon||30 Days Login to change|
|Exmo Ethereum USD|
Over the last 30 days Exmo Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Ethereum is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
|LiveCoin Emercoin USD|
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.
Exmo Ethereum and LiveCoin Emercoin Volatility Contrast
Exmo Ethereum USD vs. LiveCoin Emercoin USD
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 Exmo Ethereum and LiveCoin Emercoin
|Time Period||3 Months [change]|
Diversification Opportunities for Exmo Ethereum and LiveCoin Emercoin
Overlapping area represents the amount of risk that can be diversified away by holding Exmo Ethereum 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 Exmo Ethereum 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 Exmo Ethereum 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 Exmo Ethereum i.e. Exmo Ethereum and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.