Correlation Analysis Between CCEX CryptoCarbon and LiveCoin Litecoin

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

CCEX CryptoCarbon USD  vs.  LiveCoin Litecoin USD

CCEX

CryptoCarbon on CCEX in USD

 0.01495 
0.01905  56.03%
Market Cap: 0
  

LiveCoin

Litecoin on LiveCoin in USD

 52.89 
0.78  1.45%
Market Cap: 1.5 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CCEX CryptoCarbon USD is expected to generate 6.79 times more return on investment than LiveCoin Litecoin. However, CCEX CryptoCarbon is 6.79 times more volatile than LiveCoin Litecoin USD. It trades about 0.0 of its potential returns per unit of risk. LiveCoin Litecoin USD is currently generating about -0.06 per unit of risk. If you would invest  3.40  in CCEX CryptoCarbon USD on September 19, 2018 and sell it today you would lose (1.91)  from holding CCEX CryptoCarbon USD or give up 56.04% of portfolio value over 30 days.

Pair Corralation between CCEX CryptoCarbon and LiveCoin Litecoin

0.74
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
CCEX CryptoCarbon USD  
0 

Risk-Adjusted Performance

Over the last 30 days CCEX CryptoCarbon USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LiveCoin Litecoin USD  
0 

Risk-Adjusted Performance

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

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