Correlation Analysis Between LiveCoin CapriCoin and CCEX Asiadigicoin

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

LiveCoin CapriCoin USD  vs.  CCEX Asiadigicoin USD


CapriCoin on LiveCoin in USD
0.01  0.81%
Market Cap: 802


Asiadigicoin on CCEX in USD
0.000111  8.55%
Market Cap: 8.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.67 times more return on investment than CCEX Asiadigicoin. However, LiveCoin CapriCoin USD is 1.5 times less risky than CCEX Asiadigicoin. It trades about 0.22 of its potential returns per unit of risk. CCEX Asiadigicoin USD is currently generating about -0.13 per unit of risk. If you would invest  76.01  in LiveCoin CapriCoin USD on May 20, 2018 and sell it today you would earn a total of  46.99  from holding LiveCoin CapriCoin USD or generate 61.82% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and CCEX Asiadigicoin

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin 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 CapriCoin 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 CapriCoin 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 CapriCoin i.e. LiveCoin CapriCoin and CCEX Asiadigicoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
LiveCoin CapriCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
CCEX Asiadigicoin USD  

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.