Correlation Analysis Between LiveCoin Emercoin and OKCoin Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and OKCoin Bitcoin USD. You can compare the effects of market volatilities on LiveCoin Emercoin and OKCoin Bitcoin 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 OKCoin Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and OKCoin Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
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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.
OKCoin Bitcoin USD  
00

Risk-Adjusted Performance

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

LiveCoin Emercoin and OKCoin Bitcoin Volatility Contrast

LiveCoin Emercoin USD  vs.  OKCoin Bitcoin USD

LiveCoin

Emercoin on LiveCoin in USD

 0.1 
0.00  0.00%
Market Cap: 932
  

OKCoin

Bitcoin on OKCoin in USD

 10,153 
0.00  0.00%
Market Cap: 29.2 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,016,205  in OKCoin Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  0.00  from holding OKCoin Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Emercoin and OKCoin Bitcoin

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

Diversification Opportunities for LiveCoin Emercoin and OKCoin Bitcoin

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 OKCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on OKCoin Bitcoin 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 OKCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of OKCoin Bitcoin USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and OKCoin Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.


 
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