Correlation Analysis Between LiveCoin Emercoin and Coinbase Augur

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

LiveCoin Emercoin USD  
00

Risk-Adjusted Performance

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.
Coinbase Augur USD  
00

Risk-Adjusted Performance

Over the last 30 days Coinbase Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively fragile forward-looking signals, Coinbase Augur reported solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Emercoin and Coinbase Augur Volatility Contrast

LiveCoin Emercoin USD  vs.  Coinbase Augur USD

LiveCoin

Emercoin on LiveCoin in USD

 0.1 
0.00  0.00%
Market Cap: 932
  

Coinbase

Augur on Coinbase in USD

 10.89 
0.00  0.00%
Market Cap: 1.5 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,066  in Coinbase Augur USD on August 21, 2019 and sell it today you would earn a total of  11.00  from holding Coinbase Augur USD or generate 1.03% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and Coinbase Augur

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

Diversification Opportunities for LiveCoin Emercoin and Coinbase Augur

LiveCoin Emercoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and Coinbase Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase Augur USD and LiveCoin Emercoin 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 Emercoin USD are associated (or correlated) with Coinbase Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Augur USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and Coinbase Augur go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.


 
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