Correlation Analysis Between HitBTC ZCoin and LiveCoin Veros

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

Comparative Performance

HitBTC ZCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days HitBTC ZCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, HitBTC ZCoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
LiveCoin Veros USD  
00

Risk-Adjusted Performance

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

HitBTC ZCoin and LiveCoin Veros Volatility Contrast

HitBTC ZCoin USD  vs.  LiveCoin Veros USD

HitBTC

ZCoin on HitBTC in USD

 5.39 
0.001  0.0186%
Market Cap: 10.2 K
  

LiveCoin

Veros on LiveCoin in USD

 0.00211 
0.00  0.00%
Market Cap: 334
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in LiveCoin Veros USD on August 16, 2019 and sell it today you would earn a total of  100.00  from holding LiveCoin Veros USD or generate -100.0% return on investment over 30 days.

Pair Corralation between HitBTC ZCoin and LiveCoin Veros

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

Diversification Opportunities for HitBTC ZCoin and LiveCoin Veros

HitBTC ZCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding HitBTC ZCoin USD and LiveCoin Veros USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Veros USD and HitBTC ZCoin 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 HitBTC ZCoin USD are associated (or correlated) with LiveCoin Veros. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Veros USD has no effect on the direction of HitBTC ZCoin i.e. HitBTC ZCoin and LiveCoin Veros go up and down completely randomly.
See also your portfolio center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.


 
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