Pair Correlation Between CCEX AdvancedInternet and LiveCoin NEM

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


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


NEM on LiveCoin in USD
0.0019  0.66%
Market Cap: 41 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 LiveCoin NEM


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin NEM USD


Risk-Adjusted Performance

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