Pair Correlation Between CCEX Anarchists and LiveCoin Adzcoin

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

CCEX

Anarchists Prime on CCEX in USD
 0.01727 
0.00477  38.16%
Market Cap: 90.0

LiveCoin

Adzcoin on LiveCoin in USD
 0.10 
0.0312  42.28%
Market Cap: 149
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CCEX Anarchists Prime USD is expected to generate 0.75 times more return on investment than LiveCoin Adzcoin. However, CCEX Anarchists Prime USD is 1.33 times less risky than LiveCoin Adzcoin. It trades about 0.14 of its potential returns per unit of risk. LiveCoin Adzcoin USD is currently generating about 0.1 per unit of risk. If you would invest  1.81  in CCEX Anarchists Prime USD on January 26, 2018 and sell it today you would lose (0.08)  from holding CCEX Anarchists Prime USD or give up 4.59% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between CCEX Anarchists and LiveCoin Adzcoin
0.15

Parameters

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

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

CCEX Anarchists Prime

  
9 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Anarchists Prime USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

CCEX Anarchists Prime USD

Pair trading matchups for CCEX Anarchists

LiveCoin Adzcoin USD

  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Adzcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Adzcoin USD

Pair trading matchups for LiveCoin Adzcoin