Correlation Analysis Between LiveCoin E-Dinar and LiveCoin Emercoin

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

LiveCoin E-Dinar Coin USD  vs.  LiveCoin Emercoin USD


E-Dinar Coin on LiveCoin in USD

0.00013  1.51%
Market Cap: 39.0


Emercoin on LiveCoin in USD

0.15  10.64%
Market Cap: 116
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to generate 1.0 times more return on investment than LiveCoin Emercoin. However, LiveCoin E-Dinar is 1.0 times more volatile than LiveCoin Emercoin USD. It trades about 0.03 of its potential returns per unit of risk. LiveCoin Emercoin USD is currently generating about -0.02 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 (0.05)  from holding LiveCoin E-Dinar Coin USD or give up 5.17% of portfolio value over 30 days.

Pair Corralation between LiveCoin E-Dinar and LiveCoin Emercoin

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

Risk-Adjusted Performance

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

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