Correlation Analysis Between Exmo Bitcoin and LiveCoin Bitcoin

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

Exmo Bitcoin USD  vs.  LiveCoin Bitcoin USD

Exmo

Bitcoin on Exmo in USD

 3,570 
(79.62)  2.18%
Market Cap: 1.9 B
  

LiveCoin

Bitcoin on LiveCoin in USD

 3,462 
(89.02)  2.51%
Market Cap: 5.1 B
 107.71 
3.02% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Exmo Bitcoin USD is expected to generate 1.01 times more return on investment than LiveCoin Bitcoin. However, Exmo Bitcoin is 1.01 times more volatile than LiveCoin Bitcoin USD. It trades about -0.27 of its potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about -0.27 per unit of risk. If you would invest  645,387  in Exmo Bitcoin USD on November 10, 2018 and sell it today you would lose (287,223)  from holding Exmo Bitcoin USD or give up 44.5% of portfolio value over 30 days.

Pair Corralation between Exmo Bitcoin and LiveCoin Bitcoin

1.0
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy100.0%
ValuesDaily Returns

Diversification

Exmo Bitcoin USD diversification synergy

No risk reduction

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Exmo Bitcoin USD  
0

Risk-Adjusted Performance

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