Correlation Analysis Between LiveCoin Lisk and Coinbase Augur

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

LiveCoin Lisk USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Lisk USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Lisk 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 weak forward-looking signals, Coinbase Augur reported solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Lisk and Coinbase Augur Volatility Contrast

LiveCoin Lisk USD  vs.  Coinbase Augur USD

LiveCoin

Lisk on LiveCoin in USD

 1.05 
0.004  0.38%
Market Cap: 382
  

Coinbase

Augur on Coinbase in USD

 0.00 
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 Lisk and Coinbase Augur

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Lisk and Coinbase Augur

LiveCoin Lisk USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Lisk 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 Lisk 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 Lisk 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 Lisk i.e. LiveCoin Lisk and Coinbase Augur go up and down completely randomly.
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