Correlation Analysis Between LiveCoin Dash and Kraken Ethereum

This module allows you to analyze existing cross correlation between LiveCoin Dash USD and Kraken Ethereum Classic USD. You can compare the effects of market volatilities on LiveCoin Dash and Kraken Ethereum 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 Kraken Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Dash and Kraken Ethereum.
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 current stock price disturbance, may contribute to mid-run losses for the stockholder.
Kraken Ethereum Classic  
00

Risk-Adjusted Performance

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

LiveCoin Dash and Kraken Ethereum Volatility Contrast

LiveCoin Dash USD  vs.  Kraken Ethereum Classic USD

LiveCoin

Dash on LiveCoin in USD

 90.91 
0.00  0.00%
Market Cap: 1.4 M
  

Kraken

Ethereum Classic on Kraken in USD

 0.00 
0.00  0.00%
Market Cap: 29.2 K
 Performance (%) 
      Timeline 

Pair Volatility

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

Pair Corralation between LiveCoin Dash and Kraken Ethereum

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

Diversification Opportunities for LiveCoin Dash and Kraken Ethereum

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 Kraken Ethereum Classic USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Ethereum Classic 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 Kraken Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Ethereum Classic has no effect on the direction of LiveCoin Dash i.e. LiveCoin Dash and Kraken Ethereum go up and down completely randomly.
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