This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and Kraken Ethereum Classic USD. You can compare the effects of market volatilities on LiveCoin Emercoin 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 Emercoin with a short position of Kraken Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and Kraken Ethereum.
|Horizon||30 Days Login to change|
|LiveCoin Emercoin USD|
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.
|Kraken Ethereum Classic|
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 Emercoin and Kraken Ethereum Volatility Contrast
LiveCoin Emercoin USD vs. Kraken Ethereum Classic USD
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 Emercoin and Kraken Ethereum
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and Kraken Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin 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 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 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 Emercoin i.e. LiveCoin Emercoin and Kraken Ethereum go up and down completely randomly.
See also your portfolio center. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.