Pair Correlation Between LiveCoin CapriCoin and Coinbase Bitcoin

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


CapriCoin on LiveCoin in USD
0.0498  10.49%
Market Cap: 1.1 K


Bitcoin on Coinbase in USD
549.50  5.32%
Market Cap: 1783.9 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 4.63 times more return on investment than Coinbase Bitcoin. However, LiveCoin CapriCoin is 4.63 times more volatile than Coinbase Bitcoin USD. It trades about 0.02 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.02 per unit of risk. If you would invest  98.86  in LiveCoin CapriCoin USD on January 25, 2018 and sell it today you would lose (46.42)  from holding LiveCoin CapriCoin USD or give up 46.96% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin CapriCoin and Coinbase Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and Coinbase Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinbase Bitcoin 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 Coinbase Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinbase Bitcoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and Coinbase Bitcoin 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 1 (%) of all global equities and portfolios over the last 30 days.

LiveCoin CapriCoin USD

Pair trading matchups for LiveCoin CapriCoin

Coinbase Bitcoin USD


Risk-Adjusted Performance

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

Coinbase Bitcoin USD

Pair trading matchups for Coinbase Bitcoin