Correlation Analysis Between LiveCoin CapriCoin and itBit Bitcoin

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

Comparative Performance

LiveCoin CapriCoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin CapriCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin CapriCoin is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholder.
itBit Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, itBit Bitcoin is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short term losses for the investors.

LiveCoin CapriCoin and itBit Bitcoin Volatility Contrast

LiveCoin CapriCoin USD  vs.  itBit Bitcoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00  0.00%
Market Cap: 217
  

itBit

Bitcoin on itBit in USD

 9,904 
(51.00)  0.51%
Market Cap: 1.6 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  995,450  in itBit Bitcoin USD on August 24, 2019 and sell it today you would earn a total of  0.00  from holding itBit Bitcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and itBit Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy0.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and itBit Bitcoin

LiveCoin CapriCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and itBit Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on itBit 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 itBit Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of itBit Bitcoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and itBit Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.


 
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