Correlation Analysis Between LiveCoin CapriCoin and LiveCoin TrustCoin

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

LiveCoin CapriCoin USD  vs.  LiveCoin TrustCoin USD


CapriCoin on LiveCoin in USD

0.07  8.79%
Market Cap: 348


TrustCoin on LiveCoin in USD

0.00208  8.70%
Market Cap: 14.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to under-perform the LiveCoin TrustCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin CapriCoin USD is 3.57 times less risky than LiveCoin TrustCoin. The crypto trades about -0.11 of its potential returns per unit of risk. The LiveCoin TrustCoin USD is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest  1.50  in LiveCoin TrustCoin USD on September 16, 2018 and sell it today you would earn a total of  1.10  from holding LiveCoin TrustCoin USD or generate 73.22% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and LiveCoin TrustCoin

Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin USD and LiveCoin TrustCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin TrustCoin 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 TrustCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin TrustCoin USD has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and LiveCoin TrustCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
LiveCoin CapriCoin USD  

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.
LiveCoin TrustCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

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