Correlation Analysis Between LiveCoin Emercoin and Exmo NEM

This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and Exmo NEM USD. You can compare the effects of market volatilities on LiveCoin Emercoin 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 Emercoin with a short position of Exmo NEM. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and Exmo NEM.
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 current 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 Emercoin and Exmo NEM Volatility Contrast

LiveCoin Emercoin USD  vs.  Exmo NEM USD

LiveCoin

Emercoin on LiveCoin in USD

 0.11 
0.00  0.00%
Market Cap: 932
  

Exmo

NEM on Exmo in USD

 0.04607 
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 16, 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 Emercoin and Exmo NEM

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Emercoin and Exmo NEM

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 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 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 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 Emercoin i.e. LiveCoin Emercoin and Exmo NEM go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.


 
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