Pair Correlation Between LiveCoin E-Dinar and LiveCoin PutinCoin

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


E-Dinar Coin on LiveCoin in USD
0.00193  9.74%
Market Cap: 1.4 K


PutinCoin on LiveCoin in USD
0.00325  34.03%
Market Cap: 866
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to under-perform the LiveCoin PutinCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin E-Dinar Coin USD is 1.99 times less risky than LiveCoin PutinCoin. The crypto trades about -0.09 of its potential returns per unit of risk. The LiveCoin PutinCoin USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  1.23  in LiveCoin PutinCoin USD on February 15, 2018 and sell it today you would earn a total of  0.02  from holding LiveCoin PutinCoin USD or generate 1.71% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin E-Dinar and LiveCoin PutinCoin


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin E-Dinar Coin


Risk-Adjusted Performance

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

LiveCoin PutinCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin PutinCoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.