Correlation Analysis Between CCEX Dogecoin and LiveCoin E-Dinar

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

CCEX Dogecoin USD  vs.  LiveCoin E-Dinar Coin USD


Dogecoin on CCEX in USD

0.000029  0.51%
Market Cap: 724


E-Dinar Coin on LiveCoin in USD

0.00  0.00%
Market Cap: 39.0
 Performance (%) 

Pair Volatility

If you would invest  0.24  in CCEX Dogecoin USD on August 26, 2018 and sell it today you would earn a total of  0.33  from holding CCEX Dogecoin USD or generate 140.38% return on investment over 30 days.

Pair Corralation between CCEX Dogecoin and LiveCoin E-Dinar

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

CCEX Dogecoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Dogecoin USD are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
LiveCoin E-Dinar Coin  

Risk-Adjusted Performance

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

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