Correlation Analysis Between LiveCoin BlueCoin and Bitfinex SingularDTV

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

LiveCoin BlueCoin USD  vs.  Bitfinex SingularDTV USD


BlueCoin on LiveCoin in USD
0.00009  2.28%
Market Cap: 15.0


SingularDTV on Bitfinex in USD
0.00026  0.57%
Market Cap: 64.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to generate 2.34 times more return on investment than Bitfinex SingularDTV. However, LiveCoin BlueCoin is 2.34 times more volatile than Bitfinex SingularDTV USD. It trades about 0.05 of its potential returns per unit of risk. Bitfinex SingularDTV USD is currently generating about -0.17 per unit of risk. If you would invest  0.49  in LiveCoin BlueCoin USD on May 21, 2018 and sell it today you would lose (0.09)  from holding LiveCoin BlueCoin USD or give up 18.05% of portfolio value over 30 days.

Pair Corralation between LiveCoin BlueCoin and Bitfinex SingularDTV

Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
LiveCoin BlueCoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

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