Pair Correlation Between LiveCoin Bitcoin and Gatecoin Bitcoin

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

LiveCoin

Bitcoin on LiveCoin in USD
 14,151 
(2,399)  14.5%
Market Cap: 6 B
(3,046)
21.53% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation

Gatecoin

Bitcoin on Gatecoin in USD
 17,197 
108  0.63%
Market Cap: 986.9 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Bitcoin USD is expected to generate 1.07 times more return on investment than Gatecoin Bitcoin. However, LiveCoin Bitcoin is 1.07 times more volatile than Gatecoin Bitcoin USD. It trades about 0.43 of its potential returns per unit of risk. Gatecoin Bitcoin USD is currently generating about 0.46 per unit of risk. If you would invest  653,900  in LiveCoin Bitcoin USD on November 13, 2017 and sell it today you would earn a total of  1,001,079  from holding LiveCoin Bitcoin USD or generate 153.09% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Bitcoin and Gatecoin Bitcoin
0.89

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

LiveCoin Bitcoin USD

  
28 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Bitcoin USD are ranked lower than 28 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Bitcoin USD

Pair trading matchups for LiveCoin Bitcoin

Gatecoin Bitcoin USD

  
30 

Risk-Adjusted Performance

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

Gatecoin Bitcoin USD

Pair trading matchups for Gatecoin Bitcoin