Correlation Analysis Between BitTrex Bitcoin and LiveCoin Bitcoin

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

Comparative Performance

BitTrex Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days BitTrex Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Inspite fragile performance in the last few months, the Crypto's basic indicators remain fairly strong which may send shares a bit higher in September 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
LiveCoin Bitcoin USD  
00

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. Despite nearly stable fundamental indicators, LiveCoin Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.

BitTrex Bitcoin and LiveCoin Bitcoin Volatility Contrast

BitTrex Bitcoin USD  vs.  LiveCoin Bitcoin USD

BitTrex

Bitcoin on BitTrex in USD

 10,060 
(128.79)  1.26%
Market Cap: 30.4 B
  

LiveCoin

Bitcoin on LiveCoin in USD

 0.00 
0.00  0.00%
Market Cap: 13.2 M
 10,060 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in LiveCoin Bitcoin USD on July 27, 2019 and sell it today you would earn a total of  0.00  from holding LiveCoin Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between BitTrex Bitcoin and LiveCoin Bitcoin

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy2.33%
ValuesDaily Returns

Diversification Opportunities for BitTrex Bitcoin and LiveCoin Bitcoin

BitTrex Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding BitTrex 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 BitTrex 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 BitTrex 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 BitTrex Bitcoin i.e. BitTrex Bitcoin and LiveCoin Bitcoin go up and down completely randomly.
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