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.
 Time Horizon     30 Days    Login   to change

Bitfinex Bitcoin USD  vs.  LiveCoin Bitcoin USD


Bitcoin on Bitfinex in USD
463.60  7.40%
Market Cap: 288.1 B


Bitcoin on LiveCoin in USD
58.65  0.86%
Market Cap: 29.9 B
1.92% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Bitcoin is expected to generate 2.46 times less return on investment than LiveCoin Bitcoin. In addition to that, Bitfinex Bitcoin is 1.44 times more volatile than LiveCoin Bitcoin USD. It trades about 0.01 of its total potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about 0.03 per unit of volatility. If you would invest  672,680  in LiveCoin Bitcoin USD on June 16, 2018 and sell it today you would earn a total of  10,320  from holding LiveCoin Bitcoin USD or generate 1.53% return on investment over 30 days.

Pair Corralation between Bitfinex Bitcoin and LiveCoin Bitcoin

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

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

 Predicted Return Density 
Bitfinex Bitcoin USD  

Risk-Adjusted Performance

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

Bitfinex Bitcoin USD

Pair trading matchups for Bitfinex Bitcoin
LiveCoin Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Bitcoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Bitcoin USD

Pair trading matchups for LiveCoin Bitcoin

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