Correlation Analysis Between LiveCoin Dash and Exmo NEM

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

LiveCoin Dash USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Dash USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Dash is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Exmo NEM USD  
00

Risk-Adjusted Performance

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

LiveCoin Dash and Exmo NEM Volatility Contrast

LiveCoin Dash USD  vs.  Exmo NEM USD

LiveCoin

Dash on LiveCoin in USD

 98.11 
0.00  0.00%
Market Cap: 1.4 M
  

Exmo

NEM on Exmo in USD

 0.00 
0.00  0.00%
Market Cap: 7.6 K
 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between LiveCoin Dash and Exmo NEM

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

Diversification Opportunities for LiveCoin Dash and Exmo NEM

LiveCoin Dash USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Dash USD and Exmo NEM USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo NEM USD and LiveCoin Dash 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 LiveCoin Dash USD are associated (or correlated) with Exmo NEM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo NEM USD has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and Exmo NEM go up and down completely randomly.
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