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|
|LiveCoin Dash USD|
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|
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
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
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Dash and Exmo NEM
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.
See also your portfolio center. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.