Correlation Analysis Between Bitfinex Bitcoin and LiveCoin Bitcoin

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

Bitfinex Bitcoin USD  vs.  LiveCoin Bitcoin USD


Bitcoin on Bitfinex in USD

58.70  0.89%
Market Cap: 71.4 B


Bitcoin on LiveCoin in USD

0.00  0.00%
Market Cap: 20.9 B
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  642,930  in Bitfinex Bitcoin USD on September 19, 2018 and sell it today you would earn a total of  16,250  from holding Bitfinex Bitcoin USD or generate 2.53% return on investment over 30 days.

Pair Corralation between Bitfinex Bitcoin and LiveCoin Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Bitfinex Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
LiveCoin Bitcoin USD  

Risk-Adjusted Performance

Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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See also your portfolio center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..