Pair Correlation Between CCEX AdvancedInternet and HitBTC MaidSafe

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


AdvancedInternetBlock on CCEX in USD
0.00  0.00%
Market Cap: 0


MaidSafe Coin on HitBTC in USD
0.0077  2.46%
Market Cap: 21.6 K
 Performance (%) 

Pair Volatility

If you would invest  0.56  in CCEX AdvancedInternetBlock USD on February 22, 2018 and sell it today you would earn a total of  0.00  from holding CCEX AdvancedInternetBlock USD or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between CCEX AdvancedInternet and HitBTC MaidSafe


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density 

HitBTC MaidSafe Coin


Risk-Adjusted Performance

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