Pair Correlation Between LiveCoin BlueCoin and LiveCoin Obits

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


BlueCoin on LiveCoin in USD
0.00058  11.79%
Market Cap: 2.0


Obits Coin on LiveCoin in USD
0.00  0.00%
Market Cap: 62.0
 Performance (%) 

Pair Volatility

If you would invest  28.42  in LiveCoin Obits Coin USD on February 22, 2018 and sell it today you would earn a total of  0.00  from holding LiveCoin Obits Coin USD or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin BlueCoin and LiveCoin Obits


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin BlueCoin USD


Risk-Adjusted Performance

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