Pair Correlation Between LiveCoin E-Dinar and CCEX Dogecoin

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


E-Dinar Coin on LiveCoin in USD
0.00026  1.24%
Market Cap: 1.8 K


Dogecoin on CCEX in USD
0.00022  5.74%
Market Cap: 1 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 0.65 times more return on investment than CCEX Dogecoin. However, LiveCoin E-Dinar Coin USD is 1.53 times less risky than CCEX Dogecoin. It trades about 0.07 of its potential returns per unit of risk. CCEX Dogecoin USD is currently generating about -0.21 per unit of risk. If you would invest  1.93  in LiveCoin E-Dinar Coin USD on February 21, 2018 and sell it today you would earn a total of  0.14  from holding LiveCoin E-Dinar Coin USD or generate 6.98% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin E-Dinar and CCEX Dogecoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin E-Dinar Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin E-Dinar Coin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

CCEX Dogecoin USD


Risk-Adjusted Performance

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