Correlation Analysis Between LiveCoin Bitcoin and Liqnet Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin Bitcoin USD and Liqnet Bitcoin USD. You can compare the effects of market volatilities on LiveCoin Bitcoin and Liqnet 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 Liqnet Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Bitcoin and Liqnet 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 nearly fragile fundamental indicators, LiveCoin Bitcoin layed out solid returns over the last few months and may actually be approaching a breakup point.
Liqnet Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Liqnet Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, Liqnet Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.

LiveCoin Bitcoin and Liqnet Bitcoin Volatility Contrast

LiveCoin Bitcoin USD  vs.  Liqnet Bitcoin USD

LiveCoin

Bitcoin on LiveCoin in USD

 10,450 
5.43  0.05%
Market Cap: 113.7 B
  

Liqnet

Bitcoin on Liqnet in USD

 10,188 
284.38  2.87%
Market Cap: 370.5 B
 262.33 
2.51% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Bitcoin is expected to generate 1.16 times less return on investment than Liqnet Bitcoin. But when comparing it to its historical volatility, LiveCoin Bitcoin USD is 1.16 times less risky than Liqnet Bitcoin. It trades about 0.71 of its potential returns per unit of risk. Liqnet Bitcoin USD is currently generating about 0.71 of returns per unit of risk over similar time horizon. If you would invest  990,329  in Liqnet Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  28,438  from holding Liqnet Bitcoin USD or generate 2.87% return on investment over 30 days.

Pair Corralation between LiveCoin Bitcoin and Liqnet Bitcoin

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

Diversification Opportunities for LiveCoin Bitcoin and Liqnet 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 Liqnet Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liqnet 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 Liqnet Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liqnet Bitcoin USD has no effect on the direction of LiveCoin Bitcoin i.e. LiveCoin Bitcoin and Liqnet Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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