Correlation Analysis Between CCEX CryptoCarbon and LiveCoin BlueCoin

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

CCEX CryptoCarbon USD  vs.  LiveCoin BlueCoin USD


CryptoCarbon on CCEX in USD
0.00427  6.41%
Market Cap: 17.0


BlueCoin on LiveCoin in USD
0.00074  18.32%
Market Cap: 2.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, CCEX CryptoCarbon USD is expected to generate 1.47 times more return on investment than LiveCoin BlueCoin. However, CCEX CryptoCarbon is 1.47 times more volatile than LiveCoin BlueCoin USD. It trades about 0.02 of its potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about -0.08 per unit of risk. If you would invest  12.40  in CCEX CryptoCarbon USD on May 26, 2018 and sell it today you would lose (6.16)  from holding CCEX CryptoCarbon USD or give up 49.72% of portfolio value over 30 days.

Pair Corralation between CCEX CryptoCarbon and LiveCoin BlueCoin

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
CCEX CryptoCarbon USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

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