Correlation Analysis Between LiveCoin Ethereum and Gemini Ethereum

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

LiveCoin Ethereum USD  vs.  Gemini Ethereum USD

LiveCoin

Ethereum on LiveCoin in USD
 721.00 
0.10  0.0139%
Market Cap: 345.6 M
  

Gemini

Ethereum on Gemini in USD
 670.61 
25.09  3.61%
Market Cap: 5.2 B
 50.39 
6.99% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Ethereum USD is expected to generate 0.82 times more return on investment than Gemini Ethereum. However, LiveCoin Ethereum USD is 1.22 times less risky than Gemini Ethereum. It trades about 0.11 of its potential returns per unit of risk. Gemini Ethereum USD is currently generating about 0.07 per unit of risk. If you would invest  65,000  in LiveCoin Ethereum USD on April 22, 2018 and sell it today you would earn a total of  7,100  from holding LiveCoin Ethereum USD or generate 10.92% return on investment over 30 days.

Pair Corralation between LiveCoin Ethereum and Gemini Ethereum

0.75
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin Ethereum USD  
7 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Ethereum USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Gemini Ethereum USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gemini Ethereum USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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