Pair Correlation Between LiveCoin Emercoin and Kraken Augur

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


Emercoin on LiveCoin in USD
0.07  1.90%
Market Cap: 61 K


Augur on Kraken in USD
0.46  1.51%
Market Cap: 666.2 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Emercoin USD is expected to under-perform the Kraken Augur. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Emercoin USD is 4.56 times less risky than Kraken Augur. The crypto trades about -0.03 of its potential returns per unit of risk. The Kraken Augur USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  2,052  in Kraken Augur USD on February 15, 2018 and sell it today you would earn a total of  1,011  from holding Kraken Augur USD or generate 49.27% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Emercoin and Kraken Augur


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Kraken Augur USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Augur USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.