Pair Correlation Between Gatecoin Litecoin and HitBTC Stratis

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


Litecoin on Gatecoin in USD
(150)  60%
Market Cap: 1.5 M


Stratis on HitBTC in USD
0.99  6.94%
Market Cap: 14 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Gatecoin Litecoin USD is expected to under-perform the HitBTC Stratis. In addition to that, Gatecoin Litecoin is 1.4 times more volatile than HitBTC Stratis USD. It trades about -0.12 of its total potential returns per unit of risk. HitBTC Stratis USD is currently generating about 0.06 per unit of volatility. If you would invest  1,300  in HitBTC Stratis USD on December 18, 2017 and sell it today you would lose (54)  from holding HitBTC Stratis USD or give up 4.15% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Gatecoin Litecoin and HitBTC Stratis


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density 

Gatecoin Litecoin USD


Risk-Adjusted Performance

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

Gatecoin Litecoin USD

Pair trading matchups for Gatecoin Litecoin

HitBTC Stratis USD


Risk-Adjusted Performance

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

HitBTC Stratis USD

Pair trading matchups for HitBTC Stratis