Correlation Analysis Between Gemini Bitcoin and LiveCoin Bitcoin

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

Comparative Performance

Gemini Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gemini Bitcoin USD are ranked lower than 8 (%) 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.

Gemini Bitcoin and LiveCoin Bitcoin Volatility Contrast

 Predicted Return Density 

Gemini Bitcoin USD  vs.  LiveCoin Bitcoin USD


Bitcoin on Gemini in USD

(55.65)  1.70%
Market Cap: 59.3 B


Bitcoin on LiveCoin in USD

(0.19)  0.0056%
Market Cap: 6.2 B
5.97% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to generate 34.0 times more return on investment than LiveCoin Bitcoin. However, Gemini Bitcoin is 34.0 times more volatile than LiveCoin Bitcoin USD. It trades about 0.12 of its potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about -0.31 per unit of risk. If you would invest  642,275  in Gemini Bitcoin USD on November 14, 2018 and sell it today you would lose (319,517)  from holding Gemini Bitcoin USD or give up 49.75% of portfolio value over 30 days.

Pair Corralation between Gemini Bitcoin and LiveCoin Bitcoin

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns

Diversification Opportunities for Gemini Bitcoin and LiveCoin Bitcoin

Gemini Bitcoin USD diversification synergy

Almost no diversification

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

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