Correlation Analysis Between LiveCoin Ethereum and Kraken Ethereum

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

LiveCoin Ethereum USD  vs.  Kraken Ethereum USD


Ethereum on LiveCoin in USD

1.74  0.83%
Market Cap: 30.4 M


Ethereum on Kraken in USD

2.29  1.09%
Market Cap: 1.5 B
0.46% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Ethereum is expected to generate 8.06 times less return on investment than Kraken Ethereum. But when comparing it to its historical volatility, LiveCoin Ethereum USD is 1.22 times less risky than Kraken Ethereum. It trades about 0.01 of its potential returns per unit of risk. Kraken Ethereum USD is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  20,342  in Kraken Ethereum USD on October 14, 2018 and sell it today you would earn a total of  283.00  from holding Kraken Ethereum USD or generate 1.39% return on investment over 30 days.

Pair Corralation between LiveCoin Ethereum and Kraken Ethereum

Time Period1 Month [change]
ValuesDaily Returns


LiveCoin Ethereum USD diversification synergy

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
LiveCoin Ethereum USD  

Risk-Adjusted Performance

Over the last 30 days LiveCoin Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Ethereum USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Ethereum USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

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