Correlation Analysis Between LiveCoin BlueCoin and CCEX Asiadigicoin

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

LiveCoin BlueCoin USD  vs.  CCEX Asiadigicoin USD

LiveCoin

BlueCoin on LiveCoin in USD
 0.00306 
0.00074  31.90%
Market Cap: 3.0
  

CCEX

Asiadigicoin on CCEX in USD
 0.001992 
0.000607  43.83%
Market Cap: 4.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin is expected to generate 4.07 times less return on investment than CCEX Asiadigicoin. In addition to that, LiveCoin BlueCoin is 1.23 times more volatile than CCEX Asiadigicoin USD. It trades about 0.05 of its total potential returns per unit of risk. CCEX Asiadigicoin USD is currently generating about 0.26 per unit of volatility. If you would invest  0.11  in CCEX Asiadigicoin USD on June 23, 2018 and sell it today you would earn a total of  0.08  from holding CCEX Asiadigicoin USD or generate 74.28% return on investment over 30 days.

Pair Corralation between LiveCoin BlueCoin and CCEX Asiadigicoin

-0.35
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy70.97%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin BlueCoin USD  
3 

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.
CCEX Asiadigicoin USD  
17 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Asiadigicoin USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.

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Alphabet
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ExchangeNASDAQ
$1184.91

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