Correlation Analysis Between LiveCoin CapriCoin and LiveCoin Karbo

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

LiveCoin CapriCoin USD  vs.  LiveCoin Karbo USD


CapriCoin on LiveCoin in USD
0.01  0.80%
Market Cap: 114


Karbo on LiveCoin in USD
0.0014  0.71%
Market Cap: 8.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.7 times more return on investment than LiveCoin Karbo. However, LiveCoin CapriCoin USD is 1.43 times less risky than LiveCoin Karbo. It trades about 0.05 of its potential returns per unit of risk. LiveCoin Karbo USD is currently generating about -0.23 per unit of risk. If you would invest  125.00  in LiveCoin CapriCoin USD on July 21, 2018 and sell it today you would earn a total of  4.00  from holding LiveCoin CapriCoin USD or generate 3.2% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin Karbo

Time Period1 Month [change]
ValuesDaily Returns


Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and LiveCoin Karbo USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Karbo 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 LiveCoin Karbo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Karbo USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and LiveCoin Karbo 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 3 (%) of all global equities and portfolios over the last 30 days.
LiveCoin Karbo USD  

Risk-Adjusted Performance

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

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