This module allows you to analyze existing cross correlation between LiveCoin Emercoin USD and P2PB2B Stellar USD. You can compare the effects of market volatilities on LiveCoin Emercoin and P2PB2B Stellar 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 P2PB2B Stellar. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Emercoin and P2PB2B Stellar.
|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 prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|P2PB2B Stellar USD|
Over the last 30 days P2PB2B Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Stellar is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LiveCoin Emercoin and P2PB2B Stellar Volatility Contrast
LiveCoin Emercoin USD vs. P2PB2B Stellar USD
If you would invest (100.00) in P2PB2B Stellar USD on August 21, 2019 and sell it today you would earn a total of 100.00 from holding P2PB2B Stellar USD or generate -100.0% return on investment over 30 days.
Pair Corralation between LiveCoin Emercoin and P2PB2B Stellar
|Time Period||3 Months [change]|
Diversification Opportunities for LiveCoin Emercoin and P2PB2B Stellar
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin USD and P2PB2B Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Stellar 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 P2PB2B Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Stellar USD has no effect on the direction of LiveCoin Emercoin i.e. LiveCoin Emercoin and P2PB2B Stellar go up and down completely randomly.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.