Correlation Analysis Between LiveCoin CapriCoin and StocksExchange Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and StocksExchange Bitcoin USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and StocksExchange 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 StocksExchange Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and StocksExchange 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 weak fundamental indicators, LiveCoin CapriCoin may actually be approaching a critical reversion point that can send shares even higher in October 2019.
StocksExchange Bitcoin  
00

Risk-Adjusted Performance

Over the last 30 days StocksExchange Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, StocksExchange Bitcoin is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders.

LiveCoin CapriCoin and StocksExchange Bitcoin Volatility Contrast

LiveCoin CapriCoin USD  vs.  StocksExchange Bitcoin USD

LiveCoin

CapriCoin on LiveCoin in USD

 0.09 
0.00055  0.61%
Market Cap: 217
  

StocksExchange

Bitcoin on StocksExchange in USD

 10,807 
(16.95)  0.16%
Market Cap: 32.8 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  8.97  in LiveCoin CapriCoin USD on August 17, 2019 and sell it today you would earn a total of  0.03  from holding LiveCoin CapriCoin USD or generate 0.33% return on investment over 30 days.

Pair Corralation between LiveCoin CapriCoin and StocksExchange Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin CapriCoin and StocksExchange 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 StocksExchange Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on StocksExchange Bitcoin 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 StocksExchange Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of StocksExchange Bitcoin has no effect on the direction of LiveCoin CapriCoin i.e. LiveCoin CapriCoin and StocksExchange Bitcoin go up and down completely randomly.
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