Pair Correlation Between Coinbase Bitcoin and LiveCoin Litecoin

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


Bitcoin on Coinbase in USD
339.57  3.15%
Market Cap: 1783.9 B


Litecoin on LiveCoin in USD
5.90  2.67%
Market Cap: 14.7 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the LiveCoin Litecoin. But the crypto apears to be less risky and, when comparing its historical volatility, Coinbase Bitcoin USD is 1.42 times less risky than LiveCoin Litecoin. The crypto trades about -0.07 of its potential returns per unit of risk. The LiveCoin Litecoin USD is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  21,316  in LiveCoin Litecoin USD on January 19, 2018 and sell it today you would earn a total of  784.00  from holding LiveCoin Litecoin USD or generate 3.68% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Coinbase Bitcoin and LiveCoin Litecoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Bitcoin 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 Coinbase Bitcoin 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 Coinbase Bitcoin 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 Coinbase Bitcoin i.e. Coinbase Bitcoin and LiveCoin Litecoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Coinbase Bitcoin USD


Risk-Adjusted Performance

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

LiveCoin Litecoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Litecoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.