Pair Correlation Between LocalBitcoins Bitcoin and LiveCoin Bitcoin

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


Bitcoin on LocalBitcoins in USD
1,365  12.88%
Market Cap: 12.7 B
28.21% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation


Bitcoin on LiveCoin in USD
110.94  1.31%
Market Cap: 62.2 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 4.28 times more return on investment than LiveCoin Bitcoin. However, LocalBitcoins Bitcoin is 4.28 times more volatile than LiveCoin Bitcoin USD. It trades about 0.02 of its potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about -0.14 per unit of risk. If you would invest  1,617,202  in LocalBitcoins Bitcoin USD on February 17, 2018 and sell it today you would lose (557,602)  from holding LocalBitcoins Bitcoin USD or give up 34.48% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LocalBitcoins Bitcoin and LiveCoin Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

LocalBitcoins Bitcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Bitcoin USD


Risk-Adjusted Performance

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