Correlation Analysis Between OKCoin Bitcoin and LiveCoin Emercoin

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

Comparative Performance

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 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 and LiveCoin Emercoin Volatility Contrast

OKCoin Bitcoin USD  vs.  LiveCoin Emercoin USD

OKCoin

Bitcoin on OKCoin in USD

 10,153 
0.00  0.00%
Market Cap: 29.2 B
  

LiveCoin

Emercoin on LiveCoin in USD

 0.1 
0.00  0.00%
Market Cap: 932
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest (100.00)  in LiveCoin Emercoin USD on August 21, 2019 and sell it today you would earn a total of  100.00  from holding LiveCoin Emercoin USD or generate -100.0% return on investment over 30 days.

Pair Corralation between OKCoin Bitcoin and LiveCoin Emercoin

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

Diversification Opportunities for OKCoin Bitcoin and LiveCoin Emercoin

OKCoin Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding OKCoin Bitcoin USD and LiveCoin Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Emercoin USD and OKCoin Bitcoin 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 OKCoin Bitcoin USD are associated (or correlated) with LiveCoin Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Emercoin USD has no effect on the direction of OKCoin Bitcoin i.e. OKCoin Bitcoin and LiveCoin Emercoin 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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