Correlation Analysis Between Coinroom Bitcoin and LiveCoin Bitcoin

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

Coinroom Bitcoin USD  vs.  LiveCoin Bitcoin USD

Coinroom

Bitcoin on Coinroom in USD
 7,163 
911.53  14.58%
Market Cap: 10.5 B
  

LiveCoin

Bitcoin on LiveCoin in USD
 0.00 
0.00  0.00%
Market Cap: 29.9 B
 7,163 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  660,701  in Coinroom Bitcoin USD on June 18, 2018 and sell it today you would earn a total of  55,579  from holding Coinroom Bitcoin USD or generate 8.41% return on investment over 30 days.

Pair Corralation between Coinroom Bitcoin and LiveCoin Bitcoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Coinroom Bitcoin USD  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom Bitcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
LiveCoin Bitcoin USD  
0 

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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