Correlation Analysis Between LiveCoin E-Dinar and Coinroom ZCoin

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

LiveCoin E-Dinar Coin USD  vs.  Coinroom ZCoin USD


E-Dinar Coin on LiveCoin in USD

0.00008  0.93%
Market Cap: 39.0


ZCoin on Coinroom in USD

0.69  7.07%
Market Cap: 164.7 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 1.28 times more return on investment than Coinroom ZCoin. However, LiveCoin E-Dinar is 1.28 times more volatile than Coinroom ZCoin USD. It trades about 0.02 of its potential returns per unit of risk. Coinroom ZCoin USD is currently generating about -0.15 per unit of risk. If you would invest  0.91  in LiveCoin E-Dinar Coin USD on August 24, 2018 and sell it today you would lose (0.07)  from holding LiveCoin E-Dinar Coin USD or give up 7.7% of portfolio value over 30 days.

Pair Corralation between LiveCoin E-Dinar and Coinroom ZCoin

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 Coinroom ZCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom ZCoin 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 Coinroom ZCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom ZCoin USD has no effect on the direction of LiveCoin E-Dinar i.e. LiveCoin E-Dinar and Coinroom ZCoin 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 1 (%) of all global equities and portfolios over the last 30 days.
Coinroom ZCoin USD  

Risk-Adjusted Performance

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

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