This module allows you to analyze existing cross correlation between P2PB2B Stellar USD and LiveCoin Emercoin USD. You can compare the effects of market volatilities on P2PB2B Stellar 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 P2PB2B Stellar with a short position of LiveCoin Emercoin. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Stellar and LiveCoin Emercoin.
|Horizon||30 Days Login to change|
|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 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 and LiveCoin Emercoin Volatility Contrast
P2PB2B Stellar USD vs. LiveCoin Emercoin USD
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 P2PB2B Stellar and LiveCoin Emercoin
|Time Period||3 Months [change]|
Diversification Opportunities for P2PB2B Stellar and LiveCoin Emercoin
Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Stellar 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 P2PB2B Stellar 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 P2PB2B Stellar 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 P2PB2B Stellar i.e. P2PB2B Stellar and LiveCoin Emercoin go up and down completely randomly.
See also your portfolio center. Please also try Balance Of Power module to check stock momentum by analyzing balance of power indicator and other technical ratios.