Pair Correlation Between LiveCoin E-Dinar and HitBTC PeerCoin

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


E-Dinar Coin on LiveCoin in USD
0.00031  1.52%
Market Cap: 1.8 K


PeerCoin on HitBTC in USD
0.07  3.57%
Market Cap: 15.1 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 1.02 times more return on investment than HitBTC PeerCoin. However, LiveCoin E-Dinar is 1.02 times more volatile than HitBTC PeerCoin USD. It trades about 0.07 of its potential returns per unit of risk. HitBTC PeerCoin USD is currently generating about -0.3 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 HitBTC PeerCoin


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

HitBTC PeerCoin USD


Risk-Adjusted Performance

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