Correlation Analysis Between LiveCoin Adzcoin and HitBTC MaidSafe

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

LiveCoin Adzcoin USD  vs.  HitBTC MaidSafe Coin USD


Adzcoin on LiveCoin in USD
0.00625  29.21%
Market Cap: 33.0


MaidSafe Coin on HitBTC in USD
0.07  14.70%
Market Cap: 102.8 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Adzcoin USD is expected to under-perform the HitBTC MaidSafe. In addition to that, LiveCoin Adzcoin is 2.03 times more volatile than HitBTC MaidSafe Coin USD. It trades about -0.03 of its total potential returns per unit of risk. HitBTC MaidSafe Coin USD is currently generating about 0.18 per unit of volatility. If you would invest  37.07  in HitBTC MaidSafe Coin USD on April 26, 2018 and sell it today you would earn a total of  11.63  from holding HitBTC MaidSafe Coin USD or generate 31.37% return on investment over 30 days.

Pair Corralation between LiveCoin Adzcoin and HitBTC MaidSafe

Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 
LiveCoin Adzcoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC MaidSafe Coin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

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