Pair Correlation Between LiveCoin Emercoin and Coinroom ZCoin

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


Emercoin on LiveCoin in USD
0.10  2.80%
Market Cap: 51 K


ZCoin on Coinroom in USD
8.78  23.77%
Market Cap: 1.8 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the Coinroom ZCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Emercoin USD is 1.93 times less risky than Coinroom ZCoin. The crypto trades about -0.04 of its potential returns per unit of risk. The Coinroom ZCoin USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  5,019  in Coinroom ZCoin USD on February 21, 2018 and sell it today you would lose (734.00)  from holding Coinroom ZCoin USD or give up 14.62% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Emercoin and Coinroom ZCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Emercoin 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 Emercoin 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 Emercoin 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 Emercoin i.e. LiveCoin Emercoin and Coinroom ZCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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.

Coinroom ZCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom ZCoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.