Correlation Analysis Between LiveCoin Bitcoin and Exmo Bitcoin

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

LiveCoin Bitcoin USD  vs.  Exmo Bitcoin USD

LiveCoin

Bitcoin on LiveCoin in USD
 7,729 
182.34  2.42%
Market Cap: 61.5 B
  

Exmo

Bitcoin on Exmo in USD
 7,730 
130.00  1.71%
Market Cap: 27.7 B
(0.74)
0.009574% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Bitcoin is expected to generate 1.68 times less return on investment than Exmo Bitcoin. But when comparing it to its historical volatility, LiveCoin Bitcoin USD is 1.37 times less risky than Exmo Bitcoin. It trades about 0.23 of its potential returns per unit of risk. Exmo Bitcoin USD is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest  621,100  in Exmo Bitcoin USD on June 23, 2018 and sell it today you would earn a total of  149,541  from holding Exmo Bitcoin USD or generate 24.08% return on investment over 30 days.

Pair Corralation between LiveCoin Bitcoin and Exmo Bitcoin

0.73
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy70.97%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin Bitcoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Bitcoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Bitcoin USD

Pair trading matchups for LiveCoin Bitcoin
Exmo Bitcoin USD  
18 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Exmo Bitcoin USD are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.

Exmo Bitcoin USD

Pair trading matchups for Exmo Bitcoin

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1198.56

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