Correlation Analysis Between LiveCoin Bitcoin and Binance Bitcoin

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

Comparative Performance

LiveCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
Binance Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Binance Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Binance Bitcoin is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.

LiveCoin Bitcoin and Binance Bitcoin Volatility Contrast

LiveCoin Bitcoin USD  vs.  Binance Bitcoin USD

LiveCoin

Bitcoin on LiveCoin in USD

 10,357 
(54.09)  0.52%
Market Cap: 113.7 B
  

Binance

Bitcoin on Binance in USD

 9,775 
0.00  0.00%
Market Cap: 9.5 M
 582.30 
5.62% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  977,518  in Binance Bitcoin USD on August 22, 2019 and sell it today you would earn a total of  0.00  from holding Binance Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin Bitcoin and Binance Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Bitcoin and Binance Bitcoin

LiveCoin Bitcoin USD diversification synergy

Pay attention

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