Correlation Analysis Between LiveCoin Bitcoin and Gemini Bitcoin

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

LiveCoin Bitcoin USD  vs.  Gemini Bitcoin USD

LiveCoin

Bitcoin on LiveCoin in USD
 7,557 
10.33  0.14%
Market Cap: 61.5 B
  

Gemini

Bitcoin on Gemini in USD
 7,650 
20.80  0.27%
Market Cap: 37.6 B
(93.03)
1.23% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Bitcoin is expected to generate 1.9 times less return on investment than Gemini Bitcoin. But when comparing it to its historical volatility, LiveCoin Bitcoin USD is 1.68 times less risky than Gemini Bitcoin. It trades about 0.21 of its potential returns per unit of risk. Gemini Bitcoin USD is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest  617,873  in Gemini Bitcoin USD on June 23, 2018 and sell it today you would earn a total of  145,075  from holding Gemini Bitcoin USD or generate 23.48% return on investment over 30 days.

Pair Corralation between LiveCoin Bitcoin and Gemini Bitcoin

0.73
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy70.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin Bitcoin USD  
14 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Bitcoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Bitcoin USD

Pair trading matchups for LiveCoin Bitcoin
Gemini Bitcoin USD  
15 

Risk-Adjusted Performance

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

Gemini Bitcoin USD

Pair trading matchups for Gemini 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
$1184.91

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See also your portfolio center. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.


 
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